Current Silver Update, Silver Update
- Silver Market Update ($SILVER)
05/19/13 Much of what is written about the macro factors affecting gold applies equally to silver, and will not be repeated here.
Silverís post plunge relief rally was considerably weaker and more stunted than goldís, and with it now back near to its April plunge lows after the drop last week, the chances are considered high that it will break to new lows soon. That said, its latest COTs and sentiment indicators are now strongly bullish, so that although it may well break to lower lows soon, it is thought unlikely that there will be much downside follow through before it hits bottom...
Posted at 5.20 pm EDT on 19th May 13.