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July, 5 - what asset is turbulent beyond believe today?

USD is going to experience a lot of turbulence today. We can easily say that because of the sheer quantity of the reports that come out today. And just like any other currency USD doesn’t really like when reports come out. Especially when numbers in these reports fail to paint it in a favorable light. But there is always hope that the reports are going to show us just what we need. But the growth of USD is not going to be favored by several assets. And silver is among them. This precious metal has already lost price just because traders concentrate on USD today. And the more of us flee to USD today, the lower silver is going to go.

 

silver 5.07.2019

 

Significant percentage of price has been lost by silver since trading opened today and the price just goes lower and lower. Of course we have already seen plunges like this one before, but then it took silver several months to recover above $15 per ounce point. This time who knows what the lack of attention is going to do to the metal.

Mind this as well – silver and gold usually perform the same so you might want to keep an eye on both of the precious metals today.

 

Using trading signals is going to make trading silver easier today. 

 

Lang

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