It looks like the time is ripe for some silver buying.
I just checked COMEX silver spot price and it is down to the low $23.00/toz range.
According to FXStreet:
On Monday, the XAG/USD Silver spot price tumbled near the 100-day Simple Moving Average near the $23.20 area seeing more than 1.80% losses. Rising US yields and a stronger USD following Friday’s sell-off are mainly responsibles for the metal’s decline.
As in everything in life, what goes up must come down (and vice-versa). Since silver is down, some deals are likely to pop up for buyers.
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