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Silver - Neutral Post Fed

Mar 18, 2021

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Silver - Neutral Post Fed by KQMarkets on TradingView.com

Commentary

 

We still hold a neutral view Silver view despite believing there is upside potential for the precious metal in the current market environment.

 

The Fed has indicated in last's nights press conference that it doesn't anticipate raising interest rates until the end of 2023.

 

This coupled with expectations of economic growth post covid large could lead to increased in demand for Silver in particular given it's use for industrial production.

 

However, we would wait for prices to consolidate above long term resistance at $26.8 before taking a long view.

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