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Silver extends recovery

From forex.com

Earlier, we wrote that gold had resumed its recovery. The recovery has been due to a weaker US dollar and as the likes of the ECB and BOC joined some of the other major central banks in turning dovish again last week, this helped to underpin low- and noninterest-bearing assets as bond yields fell. Silver has risen for more or less the same reasons, although this metal has also found support from commodities being firmer across the board with crude oil hovering near this year’s earlier highs and copper holding its own above a key support level. As far as silver is concerned, well it has created a number of ... (full story)

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  • Category: Technical Analysis