Silver should not be forgotten
Silver should also not be forgotten. After all, we have seen Silver rise on the benefit during the entire Q1, and it is now at the time of writing, which means that a break is threatened above the crucial level of $ 35. This attracts my attention because this is an area that is once broken, often it has since been silver to the $ 50 level. This happened only a few times in the past and both times that Silver was finally like a rocket ship at the advantage.
There is an old legend, possibly driven by CFTC -Legal actions against JP Morgan, that there is a lot of sales pressure in this area and the reason that Silver is a few times in the past because it causes a short squeeze. Although that might or may not be true, the only thing I know is that silver is very strong, and a movement above the $ 35 level would probably not only see Silver go higher, but it would probably drag gold, or vice versa.
Pullbacks must currently be considered as buying opportunities and I would not worry about the upward trend in silver until we are far below the $ 31 level, something that would take a catastrophic episode of negativity. The only thing that I can think could do that is if the US dollar suddenly speaks rather radically. Don’t forget, and maybe more than gold, the US dollar can make a real beating on the silver market.