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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

What about silver?

Posted on 15 July 2013

While most sources concentrate on gold, which dipped to 1180 couple of months ago, silver has been even weaker. Both of these markets are at lowest levels since 2010, but at 18.21 silver lost of 60% of its value, when compared to the major high 49.81 back in 2011.
In response to this protracted downtrend, many analysts and traders have been calling for a bottom in the past several weeks. Last few days in particular produced an increase in bullish reports, following rebound in prices. All of a sudden, it seems that everybody is predicting a major reversal and new uptrend. Unfortunately, these opinions are overly optimistic and most likely premature………………………………………..Full Article: Source


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VRS - who has written 47813 posts on Opalesque Commodities Briefing.


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