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« Will Silver Outperform Gold? And Why John Hathaway Believes The Gold Price Will Rise | Main | These Crisis Markets Are Primed to Deliver Big Gains »
Wednesday
Jun012016

Silver prices trend lower as the USD recovers

 

The above chart of the silver price at the close yesterday show silver moving dramatically lower. The rapid rise that was experienced in the first quarter has given away to selling pressures possibly caused by the steady increase in the value of the US Dollar.

 

We don't expect this situation to continue for much longer but we do believe that there cheaper entry levels just ahead.

 

This Friday we have the non-farm payrolls report which will be eagerly watched by many investors as they look for clues as to which way the Fed will move in their upcoming FOMC meeting on 14th/15th June 2016. If we were to get a number around 200k then the Feds bluff will have been called. However, expectations appear to be around the 160k level, which just may give the Fed some room to maneuver and talk positively about the possibility of a rate hike next time.

 

The precious metals sector is in Janet's hands right now

 

Go gently.

 

 Silver closed down at $16.00/oz yesterday as this correction continues with some gusto.

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