Silver has been relatively tracking the S&P however there is a strong divergence now as money pours to stocks and silver is weak. On the closing basis, SLV failed a three day test of the low and is now destined for a retracement down to test the 3 week test of the low in a week or two. It's good to have some puts in the bank as this could get really ugly. Another Fed rate hike will hurt silver. But I see it at the end of the year at $32 with S&P at 3200
Commentaire:
Big disconnect between stocks and SLV. Sell stocks, buy SLV?