Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Completing Pullback?
October 25, 2023 - (Gold Market Wire) - Silver's recent pullback was fairly text book, and the kind of move you usually get in a firm, established bull market. Yes it has lagged Gold, but that only makes it more attractive from a value perspective. We'll have to keep our eyes on the weekly close, but right now, the market looks like it is completing its consolidation phase.
The diplomatic wrangle over Gaza continues, but it still looks like conflagration is in the air. The US Government is spending money like it is confetti. At this rate it may soon be... along with most other currenciess in the world.
No wonder the Swiss franc is as strong as it is. With a government debt to GDP ratio of 41%, it is becoming a go to currency