SLV / Gold, silver see routine profit taking

Silver price remained under intense pressure as the US dollar index (DXY) rally continued and risks to the global economy continued. Silver plunged to more_horizontal

SLV's price has gradually eroded over the last three years, but two indicators suggest a 50% price surge in the next 12 months. Money managers are sti more_horizontal

In gold futures, we were looking for a correction to around $1940 an ounce.  The June contract fell to $1932. more_horizontal

Silver futures suffered their largest one-day percentage loss in over three months, and copper futures settled at their lowest since November, as econ more_horizontal

Economic uncertainty will weigh heavily on the dollar this year—setting up "near perfect" conditions for silver to keep rallying. more_horizontal

Silver (XAG/USD) price has been in a strong bullish trend in the past few weeks as the US dollar index (DXY) slips and gold nears its all-time high. T more_horizontal

Silver's break above downtrend resistance going back to 2021 suggests a potential surge higher for the metal and for the iShares Silver Trust ETF. Opt more_horizontal

Precious metals bulls rose sharply last summer into the heart of inflation headlines and Ukraine war news. Since that time, both gold and silver have more_horizontal