The metals motion is in an attention-grabbing place; gold has rallied whereas silver continues to unload. Thursday noticed gold rise to the top quality, and the steel is promoting off somewhat this morning. Silver is trending decrease and is barely decrease this morning however shut sufficient to unchanged that it may very well be on both facet by the point you learn this.
As we take a look at the metals markets for now, they’re like the story of two cities– gold rising and silver falling. The strain on silver is attention-grabbing based mostly on what gold has been doing. The ratio between gold and silver continues to widen, which in the long term needs to be bullish for silver.
For now, we are lengthy gold, quick silver and ready to see how March silver reacts at $17.50. Gold is in a buying and selling vary between $1,545 and $1,575. The metals are trying to get away in a single route or the opposite. We search for gold to go increased, which may drag silver increased with it.
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