The recent trend of silver shows that silver's performance in 2021 is obviously better than gold's, which is also one of the important factors for us to insist that the precious metal market is still good!
Earlier, the article mentioned that in the obvious bear market, silver's decline is growing. Only in the relatively ideal bull market trend, silver will have a more brilliant performance!
Of course, the current relative strength is also related to the poor start-up and running time of gold and silver itself. The time and space for silver to rise is far behind that of gold. This is conducive to silver in the market adjustment to maintain a strong flexibility!
We expect that the important bottom signal of this round of precious metals will be the short-term (within the next two months) silver's obvious rapid strength, which will end in a week. Specific low prices are not easy to predict, but in extreme cases, the important support of last September and November (US $22) may be tested. The greater probability is that the adjustment will end at a price higher than the above level, and the construction at the bottom will be completed!
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.