On Thursday the #silverprice continued its decline, as it was down again in response to the continuation of the dollar’s rally.
So in today’s show, we look at why the dollar has been rallying, and the impact that’s had on silver (as well as gold). The probability of another Federal Reserve interest rate hike has been growing, and the upcoming debt issuance that would be expected to occur after an increase to the #debtceiling limit has also contributed to the dollar’s rally. Which has left the precious metals trading lower in response.
I also take a look at some of the recent silver data and COT positioning, that has changed during the selloff, and likely continued over the past week, which will be revealed on this Friday’s latest COT update. This show also covers some of the latest news in regards to the ongoing de-dollarization movement, and where things stand in terms of the long-term path of the dollar and the metals.
So to stay up to date on the latest news in the silver market, click to watch this video now!