Silver Rallied Thursday Even In The Face Of Stronger Economic Data
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For the past few years, we’ve seen silver trade somewhat inversely of a typical person might expect. Where silver trades lower on inflationary news, and rises when inflation is lower than expected, because of what the market then anticipates the Fed will do in response (if inflation comes in lower than expected then the probability of the Fed leaning toward rate cuts increases).
Yet we’ve finally seen a divergence from that pattern in the past 2 weeks, with Thursday’s silver rally being the latest example. As the silver price rose $1.20 from the low on Wednesday to its peak on Thursday afternoon, despite retail sales coming in stronger than expected.
So in today’s show, Vince Lanci looks at the recent trading in silver, and also some new targets from Michael Oliver.
Video Length: 00:13:59
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