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Re: Silver at 5 year low
[Re: jmj120]
#1385186
07/07/15 08:14 AM
07/07/15 08:14 AM
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Joined: Dec 2001
Posts: 15,142
Fairhope
bamachem
Old Mossy Horns
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Old Mossy Horns
Joined: Dec 2001
Posts: 15,142
Fairhope
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When the dollar is weakening, precious metals will spike. When the dollar is strengthening on the world market versus other curriencies, metal pricing will fall. That's the economics involved here. Traders are looking at a strengthening dollar (comparatively) so they are valuing silver at a lower rate when traded (sold) for US dollars.
MOLON LABE
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