forecasts
EUR and Silver: Going Down a One-Way StreetSince the precious metals like to ride along with the EUR/USD, and the latest Eurozone data looks grim, what are the implications for the PMs?
Feb 03, 2021 05:02 PM GMT
Just when everyone and their brother thought that silver was going straight to the moon… it plunged. And that’s not the end of the decline.
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Figure 1 – COMEX Silver Futures
I previously emphasized that silver’s volatile upswing is likely just temporary, and I discussed the Kondratiev cycle which implies much higher gold prices but not necessarily right away, because the value of cash (USD) would be likely to soar as well. The latter would likely trigger a temporary slide in gold – and silver.
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