Wednesday, April 18, 2018

Silver price explodes upward 2.5% and over $17 per ounce as fears of inflation and flattening yield curve draw cash into safe haven

As a convergence of rising inflation, a flattening yield curve, and no end in sight for the global trade/currency wars continue, the precious metals are emerging as the beneficiaries of investors seeking safe haven assets.  And one in particular ripped much higher on April 18 as the silver price finally rose back up above $17 per ounce for the first time in two and a half months, and is already up over 2.5% for the day.

Now, if we can get above $17 and stay above $17 and close out the week above $17.50, this would be very bullish. On Monday I said I think that the sweet spot for the rally to begin in earnest is $18.50, and recall that in past updates, I have said that once we finally get back into the $17s and especially above $17.50, that we could be above $18 in a matter of days. – Silver Doctors


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