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This Technical Development Could Drive the Price of Silver Higher from Here

The price of silver started consolidating in late January and continued through the past week. While silver prices dropped a little lower late last week to the $15.55 level, they quickly reversed and have already come close to the recent $16 ceiling., And all of this has happened while the U.S. dollar index tacked on as much as 150 basis points. Despite recent dollar strength, a dovish tone from the Fed may have capped rate hikes this year. That may limit the dollar's rally and boost the silver price as we move further into 2019. Read more here... Tags: Silver Prices To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post This Technical Development Could Drive the Price of Silver Higher from Here appeared first on Money Morning - We Make Investing Profitable .
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