Last quote by Fawad Razaqzada
Fawad Razaqzada quotes
Gold and silver prices have taken a big plunge on the back of falling bond prices and rallying U.S. dollar since the release of the FOMC's last policy meeting minutes ... and the accompanying hawkish commentary from several Fed officials.
Most of the negative news is in the price and for oil prices to weaken materially, something big would have to happen. Given this backdrop, and the potential for an oil-freeze deal this month, the global supply-demand imbalance is likely to fade as we progress towards the latter part of this year.
Silver has already eroded a couple of bearish trend lines and has broken above some key resistance levels too.