With all of the ordeal around USD and the situation in the world in general, it is hard to imagine a trader and an investor who hasn’t thought about running for something safer at least once. And of course, the first thing coming to mind is gold. But not right now. Right now it is clear that gold is not the asset to deal with. But to our luck silver is.
Yesterday silver was falling. And we feared that the segment of the market was going to fail us completely. But right now it is clear – market was just riding a wave of positive expectation from last week. Now that the mist is not so thick anymore we can see things for what they are. And they are far from perfect. Trade deal between China and USA is nowhere to be found and we are looking forwards towards at least some news on the subject. And in the meantime silver seems a perfect harbor for us to rest in.
And that shows in the chart of the metal. Granted, in this conditions silver might have taken on a faster growing pace, but the spikes we are seeing right now will suffice for the present moment.
Silver is one of the most attractive assets in the markets right now. But we still need to keep our guard up with it. And trading signals are a perfect shield for the task.