Silver - XAGUSD - SLV

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The Gold/Silver ratio is trading at its Median price which to me is an indication that the Silver price should move relatively equal to the Gold price under current conditions
 
Gold dropped as the US dollar rose on the back of the June FOMC meeting, if traders unwind that position as it becomes apparent that the Fed can not taper (Look to the Bank of Canada today, they are ceasing taper, RBA also delaying taper) the US dollar will fall. The triple top resistance on Gold then gets taken and a move to the highs continues.
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After the possible Fat Finger buy from JP Morgan :) we have actually maintained a bullish stance above the accumulation zone. The next stop higher for Silver could be the previous area of balance and the $23.70 - $23.80 levels
 
Ed48 said:
$143/oz would be nice but I'd settle for less. I've been sitting on a wodge of silver now for 8 years that so far has been nothing but a terrible investment.

If PMs can't perform in the current environment (QE, zirp, inflation, spiraling debt) then you have to wonder what would make them shine.
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Good long term trend,silver/SLV;
terrible med + short term.............................................................................IF you have bunch of copper wire you are not using good time to scrap that..................................................................................................
 
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