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Is a pullback due for silver?
A string of recent US data points has led to a bid coming back into US Treasuries. The US jolts jobs missed, and US confidence missed the last PMI print in the middle of August. These data points, and others, have led to dollar weakness and a fall in yields. Furthermore, as recessionary risks grow, the appeal of precious metals like gold and silver also grows. However, it is worth being aware of a strong seasonal pattern for silver in September. Over the last 15 years, Silver has fallen 10 times between September 4 and September 30, for an average drop of over 5%, so does this mean silver is due a pullback? Will the ... (full story)