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« Is it Gold that’s Up or the US Dollar that’s Down | Main | More cautious Fed now sees only two rate hikes this year »
Wednesday
Mar162016

Silver Prices Fail to make a new Higher High 

 

 

The news from the Federal Reserve today served to lower the US Dollar and boost the stock market along with gold and silver prices.

 

Gold gained $30.30 to close at $1263.10/oz and has now beaten previous highs with a major old high of $1300/oz still to be overcome.

 

Silver rallied gaining $0.35 and closed at $15.64 today, but failed to form a higher high,  -get above $16.00/oz as the above chart shows.

 

Silver has yet to confirm this rally and this may happen in the near term, but for now silver certainly looks lethargic

 

Go gently

 

This is silver's 4th attempt at forming a higher high, the previous attempts have all failed.

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