• 1,187 days Will The ECB Continue To Hike Rates?
  • 1,187 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,189 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,589 days Could Crypto Overtake Traditional Investment?
  • 1,594 days Americans Still Quitting Jobs At Record Pace
  • 1,596 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,599 days Is The Dollar Too Strong?
  • 1,599 days Big Tech Disappoints Investors on Earnings Calls
  • 1,600 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,602 days China Is Quietly Trying To Distance Itself From Russia
  • 1,602 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,606 days Crypto Investors Won Big In 2021
  • 1,606 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,607 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,609 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,610 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,613 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,614 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,614 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,616 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Silver Market Update

Silver at least had the decency to give us much more warning than gold that it was going to cave in. It marked out a rather fine Head-and-Shoulders top, although the "Right Shoulder" was deceptive as it was very stunted - we had been been looking for a larger one, but remained aware throughout that a break of the neckline of the formation at $11.50 would lead to a rout. Despite being now at strong support, we could see more downside in silver before the decline is over. Another warning was the number of commentators touting the "wonderful fundamentals" of silver.

 

Back to homepage

Leave a comment

Leave a comment