Silver Rallies but Still Faces Headwinds | Metals Mine

  • Silver Rallies but Still Faces Headwinds

    From dailyforex.com

    Silver gapped higher on Wednesday, as interest rates relaxed a bit, as word got out that the Americans and Iranians were talking. Silver gapped higher to kick off the trading session here on Wednesday, but we have seen a turnaround, and it does show signs of exhaustion. Ultimately, I think this is a scenario where a lot of traders are looking at this through the prism of whether or not interest rates in America will start to calm down or will they not. There have been a lot of headlines coming out of the Middle East involving the war and that is the main driver of interest rates overall. After all if energy becomes a ... (full story)

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