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Silver Prices Article

Silver

The Price of Silver Is Now Poised for an Extended Bull Run

With the recent surge in gold to five-year highs, the price of silver may just be coming into its own.

Since my last silver update, stocks have come roaring back to near all-time highs.

But interestingly, silver prices have rallied as well, benefiting from all the trade war talk and the cloudier economic outlook.

Here’s my prediction for how high the price of silver is headed in 2019…

Silver

Why the Price of Silver Is Still Climbing

The price of silver has been in a holding pattern since late February, but the Fed's recent announcement was enough to push silver from $15.30 to $15.50.

Now, it's looking more like the silver price's correction has run its course and the metal is preparing itself for the next run higher.

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silver

This Technical Development Could Drive the Price of Silver Higher from Here

The price of silver started consolidating in late January and continued through the past week.

While silver prices dropped a little lower late last week to the $15.55 level, they quickly reversed and have already come close to the recent $16 ceiling.,

And all of this has happened while the U.S. dollar index tacked on as much as 150 basis points.

Despite recent dollar strength, a dovish tone from the Fed may have capped rate hikes this year.

That may limit the dollar's rally and boost the silver price as we move further into 2019.

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Silver

This New Catalyst Should Drive the Price of Silver to New Highs in 2019

Since peaking just above $16 in late January, the price of silver has moved into consolidation mode. In fact, in last week's update, I told you not to be surprised about any pullback going forward.

So far it's been a pretty mild correction in silver prices, which have dropped from a $16.07 peak to their current level near $15.65. Still, the precious metal is up 12% since November and has held up well despite recent strength in the U.S. dollar.

The price of silver and the dollar tend to move in opposite directions, but there are exceptions. Here's how similar situations have played out before - and what to expect next from silver prices in 2019...

Silver

Here's Where the Price of Silver Is Headed Now After Jumping 15% in 3 Months

The price of silver enjoyed a bullish uptick over the past week, so any pullback now should come as no surprise.

In fact, silver prices rallied 5.7% in the last 10 days of January, and a stunning 15.3% from mid-November.

A near-term consolidation in silver prices would not only be expected, it will be healthy as such dramatic gains are digested before the next move.

I fully expect that move to be higher for a number of reasons.

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Silver

Here's How the Price of Silver Will Move After Today's FOMC Meeting

The latest action in the price of silver has helped confirm the newly emerging bull market.

In early January, silver prices twice tested $15.75 to close above $15.70. The second time they tested that level, they quickly reversed, with silver dropping back to $15.55, then gradually falling even further.

The DXY dropped off considerably last week, as investors turned their interest toward earnings season and began pricing in continued dovishness from the Fed.

That drove a dramatic rebound in silver above $15.70. Here's exactly how the price of silver is moving now...

Silver

3 Ways to Profit as the Price of Silver Rallies in 2019

After peaking twice just south of $16, the price of silver has started to back off.

The precious metal put in a stellar performance in the two months between early November and early January, climbing from $14 to almost $16.

That was a powerful 14.3% move.

Now, we're starting to see some traders take profits and even rotate back into stocks, which have turned higher in the last three weeks.

With silver prices holding near their 200-day moving average and possible renewed weakness in the U.S. dollar, we could well see this precious metal return to rally mode before long.

And that could propel it to take out a key psychological level in the process. Here's how the price of silver is moving now, plus three different ways to profit from this silver rally in 2019...