Silver analysis: precious metals gearing up for next leg higher

Silver analysis: precious metals gearing up for next leg higher

From forex.com

The US dollar continues to weaken, particularly against safe-haven currencies like the Japanese yen, while high-beta currencies have yet to see a sharp movement. This ongoing softness in the dollar creates an opportunity for precious metals to rise. Gold remains a spitting distance away from reaching its previous record high made just a couple of weeks ago. Silver, on the other hand, has been held back because of fears about China’s economy, undermining prices of other base metals like copper and iron ore, as well as hurting crude oil. Still, our silver analysis suggests that if stock markets were to stabilise, the ... (full story)

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