SILVER Fed Minutes gives chances for growth

SILVER: Fed Minutes gives chances for growth

fundamental
grounds

Silver
He continued to show fairly strong growth. The precious metal which
does not bring the interest income received the previous day is quite a positive signal to
Parties to the Protocol of the last meeting of the Fed. The tone of comments of officials
It was soft enough. As a result, the market began to lay a smaller share
the probability of a rate hike in September. Against this backdrop, the dollar fell under
pressure, making assets denominated in it more expensive. additional
factor in favor of the fact that the Fed may refrain from raising rates, and became
smaller than expected increase in inflation pressure. In addition, it is not necessary
forget the fact that the market is now clearly not configured to take risks, resulting in
a strong demand for safe assets.

technical
grounds

quotes
the silver level in the area formed 15.634 resistance. Provided that
this hurdle is passed, can reactivate the “bulls” that
It will provoke an increase in the number of long positions in the metal and the likely acceleration
its growth.
Continued on site GK FOREX CLUB

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