Precious Metals

Seeking Alpha reported that the silver outlook suggests investors should short the precious metal.

Seeking Alpha reported that the silver outlook suggests investors should short the precious metal.

As quoted in the market news:

The silver market has been trying to rally for weeks now and it can’t get above $36 an ounce. If it can’t climb higher, then silver buyers will get frustrated and liquidate positions. When that happens, we could see silver fall to $27 or lower again, maybe even into the low $20s.

Click here to read the full Seeking Alpha report.

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MARKETS

Markets
TSX20383.75+97.55
TSXV701.74+1.08
DOW32120.28+191.66
S&P 5003978.73+37.25
NASD11434.74+170.29
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COMMODITIES

Commodities
Gold1845.96-8.09
Silver21.93-0.05
Copper4.23-0.02
Palladium2009.35+11.35
Platinum944.89-2.11
Oil111.28+0.95
Heating Oil3.77+0.02
Natural Gas9.19+0.22

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