The silver market remained stagnate during last week. Due to this lack of movement, silver remained slightly below the $20 mark for the past month. Does the silver market bound to remain stagnate in the coming months? Let’s analyze the latest developments in the silver market.
The price of silver inched up by 0.44% during the previous week. Conversely, several silver related investments slightly depreciated during last week. These include: silver ETFs such as iShares Silver Trust (SLV), silver streaming companies such as Silver Wheaton (SLW). The shift in market sentient could play a factor in determining the direction of silver.
Market sentiment and silver
In recent weeks, the silver market wasn’t the only one to experience an unclear trend. The U.S long term treasury yields have also presented a similar movement in the past several weeks.
Despite the sharp movement in the 30-year treasury yields during the month, the yield slipped by only 0.07 percentage points (up to date). Even though long term yields and silver price have a weak correlation, they usually tend to move in similar direction, especially with the current Fed’s monetary policy.
For the rest of the report you can see it at Seeking Alpha
For further reading see: