Introduction Silver is trading at $59 today, close to retesting a support zone that’s now been tested four separate times since last October — twice on the way up in November and December, and twice again this year after the sharp correction from January’s spike high near 122. It could be an excellent entry for Read More…
Introduction Silver futures have moved exactly where the risks were pointing in our June 4 analysis. At the time, we noted that buyers needed to defend the 250,000 ($25/oz) support area to maintain the longer-term bullish structure. Instead, silver continued drifting lower throughout June and has now broken beneath both the 250,000 level and the Read More…
Gold prices are falling on a hawkish Fed tone, boosting the Dollar. US retail sales rose more than expected in October, showing resilient consumer spending. US Jobless claims fell last week, indicating a tight labor market. Gold and silver prices fell on Thursday as the Dollar rose in response to recent remarks from US Federal Read More…
