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| ** Market Conditions Alert ** | | |
Silver shot higher overnight and is poking over $37 this morning, the last discernable level of resistance on the charts below $50.
If silver can hold this $37 level, another rally higher could unfold in the poor man's gold. | | |
Silver is not expected to reach $50 this year, but $40 is widely expected, and higher prices are more likely than lower prices.
Meanwhile, momentum in gold has slowed, with the yellow metal trading sideways in the $3,300 to $3,400 range over the last two months.
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| A new outbreak of war in the Middle East has not seemed to impact gold, stocks, or even oil, suggesting the market currently believes the conflict will be resolved in the near term. Eyes are on the Federal Reserve and its rate outlook, with an announcement scheduled for tomorrow. Quick reminder... Money Metals' is still giving you a free fractional buffalo silver round on any $500+ silver order. Don't miss out! | | |
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