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Silver set to surge?
The fall in real yields alongside the fall in the USD surrounding rapid US rate re-pricing on the recent banking woes has been a great catalyst for precious metals. Gold is currently up 7% on the month and silver is up over 10%. Silver has some stiff resistance up above it just under $25, but the seasonal pattern does favour at least a retest of that $25 region. Technically, we have seen a breakout of the 20-day Donchian Channel to give a bullish bias from March 17. Seasonally, silver has strength from March 29 to April 11 with a 72% winning percentage and a 2.17% average return. So, will we see more gains from ...