Silver Breaks Higher Again on Monday | Metals Mine

  • Silver Breaks Higher Again on Monday

    From dailyforex.com

    Silver jumped right off the bat when the Monday session started, as traders are starting to celebrate the idea of an extended peace agreement possibly coming down the road between the Iranians and the Americans. Supposedly, on Friday, we will see an extension of the ceasefire terms and a framework from which to progress, and if that does, in fact, lead to peace, then obviously that would be very strong. It could send interest rates much lower, and that helps silver because it is a non-yielding asset. Interest rates did drop during the session, right in line with silver rallying, so I think it all comes together quite ... (full story)

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