Current Silver Update, Silver Update
- Silver Market Update ($SILVER)
09/19/14 As you probably know we had expected gold and silver to start picking up in the last update, for various reasons, the most important of which being that they are at important support at the most bullish time of year, seasonally, for the Precious Metals, but the dollar rally accelerated even more, driving gold and silver still lower and deeper into key support which is now being severely tested. If the dollar continues higher then gold and silver could crash this key support, but this doesnít look likely short-term because the dollar is now critically overbought and needs to take a breather...
Posted at 8.15 pm EDT on 15th September 14.