2020-10-05

Silver Remains Bearish

I'm seeing some individual strength in mining stocks, but gold and silver still look bearish to me in the very short-term. Unless there's a high inflation reading coming, a potential breakout in long-term interest rates will rain all over the precious metal parade. The 10-year could breakout towards the 200-day MA and a test of 1.00 percent if it moves past 0.75 percent.

No comments:

Post a Comment