Silver Is Still Searching For A Bottom

August 30, 2015 at 06:29AM

  • Silver failed to overcome the 50 dma and fell to lower lows this week.
  • The catalyst was the stock market crash in China; China is the most important source of demand growth for commodities.
  • A low-inflation and low-growth environment in the world is bad for silver.
  • Mining supply is still not being reduced.
  • The Fed will raise rates this year, but it won’t hurt silver as much as the market believes.

from Jru RSS http://ift.tt/1KVcVaK

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One thought on “Silver Is Still Searching For A Bottom”

  1. Judging by the demand for silver bullion products, I think that though the Chinese implosion was something of a shock, it merely dusted the sediment off of silver’s bottom. Long term, this period will likely be seen as an anomaly as silver stabilizes through the fall.

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