Breaking News- Good news for Silver and metals. The Dollar cracked over the weekend.
The Dollar has been on an uphill slope or what we call an ascending trendline, ever since February.. Last night the Dollar fell below that trend, thus signaling to the metal's that the Dollar may be starting to weaken.
The Dollar had previously dropped 2 weeks ago when the Fed announced it wasn't going to raise rates. But it has been holding steady since. Until last night.. Kind of like when you're walking along not paying attention and don't notice there's a step in front of you, until you step off and your body realizes there's nothing beneath your feet. We've all experienced that little fall or stumble.
If you were paying attention to Silver and Gold last night, Sunday night around 10-11 PM, you saw Silver shoot up to $66.39
Well what you witnessed there was Silver and Golds knee jerk reaction to the Dollar falling off that step. And that's why metal's are up today.

Edited by Harry213
Today 55M ago