Silver Market Approaching Important Buy Levels By StockNews – Investing.com

© Reuters. Silver Market Approaching Important Buy Levels

Silver (SLV) has fizzled in recent weeks as it’s given back the bulk of its move higher. However, fundamentals remain supportive as the metal should rally with low rates and budding inflationary pressures.It’s been a rough finish to Q2 for the precious metals complex, and neither gold (GLD (NYSE:)) or silver (SLV) have been a sanctuary from the relentless selling pressure. This has pushed gold’s year-to-date return back into negative territory at (-) 6%, with silver not far behind at (-) 2% near $26.00/oz.

While this negative reaction to lower real rates and a still very dovish Federal Reserve is discouraging, it’s important not to lose sight of the big picture and be mindful of how a key ratio is acting. Thus far, both price and this key indicator remain on bullish readings, and the violent correction is now pushing sentiment closer to a bullish reading as well. Let’s take a closer look below:

(Source: TC2000.com)

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.