Home InfoVault Market Reports Silver Holding To The $17 Mark

Silver Holding to the $17 Mark

Silver Holding to the $17 Mark
Category: Market Reports
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Posted: 04-25-2016 10:02:00 AM

Is there an increase in-store for silver?

We start the week viewing the price of gold higher due to a weak dollar. All eyes are on the FED later this week, as virtually no one expects any news that would affect our markets either way.

Silver sitting just under $ 17 dollars at the time of this report and with a very quiet economic calendar we expect to see some profit taking in the gray metal after the strong rally last week.

So we expect both markets to continue in a tight trading range with a selling bias especially in silver in the next few days. 

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About The Author

Walter Pehowich Author Name: Walter Pehowich
Walter Pehowich is the executive vice president of precious metals investment services for Dillon Gage with over 38 years of experience in precious metals investment services. His career began in 1977 at Bache (which evolved to Prudential-Bache Securities and then Jefferies Investment Bank). While at Jefferies, he served as senior vice president with oversight of investment grade precious metal products. Pehowich holds a National Futures Association (NFA) Series 3 license, authorizing him to advise and sell alternative investments in commodities and futures markets.

What are your thoughts? Silver Holding to the $17 Mark