With so much attention tied to the currency market, it is easy to miss out on other assets and instruments that might be growing. And trust me, in the situation like we are seeing right now, there are plenty of assets that demonstrated perfect climb. For example, precious metals. We all know that gold and silver are usually moving right together and their primary engine are the movements of the greenback. And seeing how USD is jumping up and down and how not even positive economic data from the country can repair the damage done by trade war, it is no wonder that precious metals are taking the second breathe of air now.
Trading gold and silver usually reaches its peak when things in the world currency market are bad. But today all we can see is the general decline of gold – that is the only reason for the rise of the prices per ounces of gold and silver. Of course those who follow the performance of precious metals can say that they have not been the most stable in their rises. After all, September was started at a low note by both silver and gold. But after the climb these two took in August, retracement was inevitable. Now the time for recover came – totally normal pattern.
Recovery might have started, but try not to lose all of your winnings on another retracement. Spot it with our trading signals.