The U.S. dollar's strength this past week has kept gold prices steady in dollar terms, while gold continues to rally when priced in most other major currencies.
Since I follow silver it is shadowing this trend. Much more volatile. Movement is short term traders gamed by large positions. Volatility ensues, But the undercurrent is similar to gold movements. Back to 80:1 at 33.5 depending how gold consolidates. Support / resistance at 32.50 is being breached and un breached. A close above 32.5 and off to new resistance. 2700 will be 34 ish. Just my observations without the technical analysis.
Daily, weekly patterns with monthly charts reveal this bullish sentiment.
Hi, Rob - will do. I just have to wait for Substack to update your profile to paid subscriber status (they take a couple hours or so) and then I will change your subscription to monthly.
Since I follow silver it is shadowing this trend. Much more volatile. Movement is short term traders gamed by large positions. Volatility ensues, But the undercurrent is similar to gold movements. Back to 80:1 at 33.5 depending how gold consolidates. Support / resistance at 32.50 is being breached and un breached. A close above 32.5 and off to new resistance. 2700 will be 34 ish. Just my observations without the technical analysis.
Daily, weekly patterns with monthly charts reveal this bullish sentiment.
Many other conspiracy reasons prevail, lol
Yes, this applies to silver as well because silver trades inversely with the U.S. dollar like gold does.
So, that means that silver is performing better than it seems over the past week when priced in non-U.S. currencies.
I’m getting ready for nosebleeds and oxygen altitudes
Same here!
jesse i only wanted monthly subscription Please refund yearly and change to monthly
Thanks Rob
Hi, Rob - will do. I just have to wait for Substack to update your profile to paid subscriber status (they take a couple hours or so) and then I will change your subscription to monthly.