Silver (SI) Retesting 50% Fib Retrace of Mar-Sep Slide
Silver (SIZ22) is consolidating a 3rd straight day, vulnerable to a bit more healthy profittaking ahead of the weekend. Nevertheless, SI’s brief break on Monday above the 61.8% Fib retrace of the March to September slide suggests a completion to the major bottom within the consolidation since August 2020 (as can be seen more easily on a monthly chart on tradingview.com).
Can Gold and Silver Rebound?
Actionable ideas and risk management for Gold, Silver, and metals . . .
Dollar Gains as Stocks Slump
The dollar index (DXY00 ) on Tuesday rose by +0.26%. The dollar Tuesday recovered from early losses and moved moderately higher. A sell-off in the S&P 500 Tuesday to a 2-1/2 week low boosted liquidity demand for the dollar. The dollar Tuesday initially moved lower on lower T-note yields and...