Silver prices are having a tough session, and traders who saw August as a month to rebound from a bearish July are wondering why silver is going down.
With many investments down close to 5% on the month, and the white metal trading below its level at the start of the year, it's easy to get discouraged.
Here's why prices are falling, and why we're still bullish...
Silver prices are having a tough session, and traders who saw August as a month to rebound from a bearish July are wondering why silver is going down.
With many investments down close to 5% on the month, and the white metal trading below its level at the start of the year, it's easy to get discouraged.
Here's why prices are falling, and why we're still bullish...
Silver prices this week have been slow and steady, continuing an uneventful August during which the white metal has traded in a narrow range.
However, while silver is likely to recoup from its recently slow trading in July, it most likely won't see a prolonged rally anytime soon because the big drivers simply aren't there.
Here's why for silver, things are going to get worse before they get better...
Silver prices today (Wednesday) picked back up above the $20 an ounce level, after languishing on speculator activity and coming out of a steady downward slump in July.
See why today the white metal is beginning to reverse course and head upwards…
