In recent weeks Vince Lanci has commented on how one of the primary factors driving the silver market lower has been that we were in the midst of the metals sell season. When funds are winding up yearly positions, ahead of the preparation for next year’s positions.
We saw a bit of a turnaround in the silver and gold prices on Friday, as they somewhat surprisingly rallied following a headline jobs number that was almost double the expectation (even if most of the jobs were part-time, as full-time jobs fell once again). And in today’s show, Vince talks about what happened on Friday, and whether we may have reached the bottom for this cycle as we transition out of the metals’ sell season and move closer towards buy season.
Vince also talks about the conflict that broke out over the weekend between Israel and Palestine, and the market implications to be aware of as that situation moves forward.
So to start your week off with the latest news and analysis of the silver and gold markets, click to watch this video now!