The last few days at market, today’s blast-off Dow included, are turning into a useful model of what we can expect from the price action in silver in the near and intermediate future, so it pays to notice how the metal reacts to the larger market forces:
- On days where the broad markets surge, gold drops and silver sells off with it.
- On days where gold surges, the broad markets drop and drag silver down with them.
All you need to do is pick which is the stronger influence on silver on any given day. While you are doing that we normal people will be watching the gold stocks, which will go up no matter what the Dow does. Further questions?