SLV / Can Silver (SLV) Follow Meme Stocks Higher?

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