Silver up strongly overnight. Euro central bank cut interest rates and the economic indicators so far this week in the US has been mainly red. Three economic releases occurring tonight in the US including the unemployment rate and this may further impact precious metals. Gold, $50 off its all-time high and silver about $1 off of its 13 year high. Silver has rallied $1 each night over the last 2 nights and appears to be breaking out of a falling wedge. If it is a true breakout, then the silver price should not retrace back into the wedge.
Silver up strongly overnight. Euro central bank cut interest...
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22.5¢ |
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