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Why the Price of Silver Is Down This Week and Where It's Headed Next
I’m excited about silver.
Now let me first say I know what happened to the price of silver over the last week.
The precious metal is down 2%, and that’s after the Fed rate hike is finally out of the way.
I also know the U.S. Dollar Index (DXY) is up over that same time.
In fact, it jumped some 150 basis points, driven by both the rate hike and weakness in the euro.
But remember, gold tends to put in a low around the time we get rate hikes, and it also tends to put in a seasonal bottom around mid-June.
And silver tends to follow gold’s lead. - These Charts and Miners Prove Gold Investors' Patience Is About to Pay Off Big Time
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- Silver Prices Are Showing Signs of Breakout Potential
- Our Bullish Gold Price Prediction Is Getting a Boost Thanks to the Dollar