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The Silver Disconnection Is Real
They all reversed on an intraday basis, but silver’s move to new highs makes it still bullish overall, while the almost complete reversals in gold and miners make the latter technically bearish. Interesting, right? How can these parts of the same sector behave so similarly, yet so differently? The reason is that while they are all likely to respond to many of the same factors (soaring USD Index will be bearish for all of them and the same goes for plunging stock market valuations), there are some silver-specific reasons that keep the white metal not only afloat, but ready to move even higher. And this brings me to ... (full story)