With all of the uncertainty and mixed performances in the market it is only fair that we would search for the best assets to earn with. Is it USD for today? No. USD is going through some rough times and is going to face a very important inflation report today. And knowing how much the American economy suffered from the US-imposed trade war through the last few months it is doubtful that the numbers are going to be enough to lift the currency higher.
Is it euro? Pound? Oil? No. It doesn’t seem that the currencies are good to trade with today as all of the major couples include USD in them and we are simply not ready to face that kind of volatility. Oil has been slipping for several days in a row and the tendency is still going on. This way we need to look for some other assets that can spark trading interest in us with no risks attached.
And here we really need to look at silver. This precious metal is the talk of the town with its growth. Just yesterday we couldn’t imagine that the metal was going to breach $17 per ounce point in 24 short hours. It is the highest point since January 2018. And the surge doesn’t seem to stop here although everything is possible.
Of course while the growth is very good for us it doesn’t come as a surprise. Bad situation in the currency market as well as political uncertainty wrapping around the most powerful and important economies of the world make precious metals a very desirable goal for traders and investors.
And the more we talk, the higher the price can jump! Don’t stall and get your trading signal RIGHT NOW!