Frequently Asked Questions...
Who esle is selling silver or looking to go short?
Silver hit $18.50 an ounce today. Way overpriced in my opinion. If you look at a five day chart, it was just $17.50 last week. We are not in a good enough market for something like silver to jump that much in a week on ungiven terms. Slv is not the benchmark the world watches like gld or uso.
Answer:
If your only analysis is a five day chart, you do not have an investable idea.
Silver and gold tend to move together for a variety of reasons. Both are viewed as a hedge against expected inflation and dollar weakness. Both are often found in the same rock formations.
Gold is primarily used in jewelry and coins. Silver has more industrial uses. Look at the supply and demand fundamentals before investing.
Disclosure: I'm long SLV.
Uso Silver
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