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.