How much lower will silver go

The association's data show there has been more demand than supply of the semi-precious metal so far in Still, its uses in industry was one of the main reasons driving its recent rise in value, he said. If you look at copper prices, they've more than doubled since hitting a low-point last year," he added. Additional factors have also played into silver's rise, Hanson said, such as the shift towards green technologies which have spurred a rise in demand for industrial metals such as silver which are used in solar panel production, for instance.

The massive amount of central bank and government stimulus over the last year has also fueled concerns around inflation, with precious metals like gold seen as a hedge against rising prices and a decrease in the value of the dollar.

On Wednesday, official U. While inflation might be seen as good for these precious metals, market watchers will also be keeping an eye on any tightening of monetary policy which aims to keep price rises under control. The U. Commerce Department reported that U. Retail sales increased by 0. Had been for U. Silver prices dropped sharply on Friday breaking through trend line support and headed to a horizontal support line seen near A break of this level would lead to a test of the March lows at Resistance is seen near the day moving average at Short-term momentum has turned negative as the fast stochastic generated a crossover sell signal.

The fast stochastic has moved lower printing a reading of 11, well below the oversold trigger level of 20 which foreshadows a correction. Medium-term positive momentum is decelerating as the MACD histogram is printing in negative territory with a sliding trajectory which points to consolidation.

Retail sales rose 0. Expectations were for retail sales to decline by 0. Sales surged Excluding automobiles, gasoline, building materials and food services, retail sales increased 1. Core retail sales correspond most closely with the consumer spending component of gross domestic product. This article was originally posted on FX Empire.

Buffett is betting big on his favorite company. It might be time to follow suit. Investors are deciding to sell shares today as doubt surrounding the continuing operation of the company's core silver and gold asset located in Mexico, San Jose, increases. Concurrently, an analyst's bearish take on the stock is providing further motivation for investors to exit their positions.

After the closing bell Thursday afternoon, Sundial released its third-quarter earnings report. I regret that my time estimates for this are usually far out, so I can not be more helpful.

But it is certainly coming and it will be really immense. Personally, I plan to invest around the end of Production of silver will not outpace inflation in the United States in the coming years. And The key to answering this question lies with the US Dollar. As stocks crash, USD will climb…. Then watch what Silver does. The bear market will likely happen within the next few years sp has been on one of strongest and longest bull markets in its history and in that period investors will flood into silver and gold.

Silver — gold ratio is at all time highs so I expect silver to perform the best in this period. The wise money is stocking up on silver now!

All the money is flowing there. Please copy this E mail to Ted Butler. You must be logged in to post a comment. How to Invest in Silver. Grab Your Report! Trends, Forecasts, Expert Interviews and more!

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