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Silver Trend Forecast: Sellers Remain In Control

Published 12/20/2012, 07:28 AM
Updated 07/09/2023, 06:31 AM


daily silver chart for silver futures




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To answer second part of your question - if fiscal cliff resolved then traders & investors will move back into riskier assets such as equities & out of gold.
You also have to remember that silver is not considered a precious metal but is classified as an industrial metal. So, when economy is doing well silver prices will increase. In addition, with gold so high many are turning to silver as an alternative.
One of the major confusions i have is.. if the fiscal cliff issue is resolved will it lead to a rally or a downfall in gold silver prices.. rally because some sites say it suggests growth in economy.. and downfall because the safe haven ideology gets defied... and some also suggest that actually silver and gold will behave inversely.. i.e if fiscal cliff resolved silver will rally but gold will fall.. and if not resolved gold will rally while silver will fall as its an industrial metal linked to economic growth..
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