XAGUSD analysis on previously traded areas/prices
I am guessing that there are lagging/persistent orders from previous trading, and the market will be tested around those areas. Those would ideally be the best times to buy & sell.
I highly doubt silver will break $9-10/oz. Very hard for prices to stay low when central banks are pumping 200bn+ into the global economy every month. We'll see how long a global economy running on ZIRP can handle having
USD credit withheld from the Fed raising rates. So long as they continue to raise, I would guess %2-3 yield would crush everyone.
Some form of debt-monetization (and inflation) is the inevitable conclusion, probably by 2020.
I highly doubt silver will break $9-10/oz. Very hard for prices to stay low when central banks are pumping 200bn+ into the global economy every month. We'll see how long a global economy running on ZIRP can handle having
USD credit withheld from the Fed raising rates. So long as they continue to raise, I would guess %2-3 yield would crush everyone.Some form of debt-monetization (and inflation) is the inevitable conclusion, probably by 2020.
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