News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Silver Rips 3% Higher on the Day as Precious Metals Move up Strongly
Silver Rips 3% Higher on the Day as Precious Metals Move up Strongly
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GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Silver Market Update

Silver's New Power Uptrend Develops

May 20, 2020 - (Gold Market Wire) - True to its "Gold on Steroids" reputation, Silver is forming a very powerful uptrend. With the Gold/Silver ratio still hovering around 100/1 there is a lot of upside potential for Gold's "little brother".

A look at the chart:

both a gap up and a new power trend..Silver is on fire

Riding a silver bull is always an exciting, if hair-raising experience. The volatility means thrills and spills galore, and the present market is no different. By comparison, Gold is calm and sedate - just like the elder sibling should be. It's typical of the world of silver to make simply staggering moves. Just casting back to the low on March 18th - - we have moved 50% in two months!

That's why its important to size it right. Keep it small, and avoid margin like the plague.

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