Silver futures

Silver price makes a bit of a move

It is uncharacteristic of silver to be so muted, while gold and various other metals gain attention. But that, in my opinion, is the gift that keeps on giving compliments of the ill-conceived #silversqueeze promotion over a year ago. Markets always seek out balance in some way, shape or form.

It appears that the promotion is finally releasing its dampening grip on the silver price. Yesterday we had a brief NFTRH update [password protected] on the precious metals complex (gold, silver & HUI Gold Bugs index), including short-term upside targets established last weekend in NFTRH 696.*

In the update it was noted that silver had not yet done much while gold had. Well, this break through resistance says hold on, the near-term target may be a good one after all.

silver price (futures)

* Specific targets reserved for NFTRH subscribers.

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