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Silver Market Update

From clivemaund.com

Silver is now very cheap compared to gold (as is platinum) and recently hit a 24-year low reading as can be seen on the latest chart for the silver to However, the above very bullish factors won’t necessarily stop it being dragged down lower still for a while during a market crash. In the parallel Gold Market update we have looked at the likely outcome of next week’s Fed meeting and its impact on the dollar, which will affect silver as much as gold. On silver’s latest 6-month chart we can see that last week it made a rather feeble attempt to break above the resistance at the top of its trading range, a range that has ... (full story)

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  • Category: Fundamental Analysis