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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Silver slammed as dollar surges

BY: @unclehermit | CREATED: June 27, 2018, 7:54 p.m. | VOTES: 12 | PAYOUT: $0.79 | [ VOTE ]

Silver slammed as dollar surges

Silver

[IMAGE: https://cdn.steemitimages.com/DQmRrcNPJ8kAdrZosmfyWq7puW3jbsCMsp8JThYnHH9kYfJ/image.png]
Bad news tonight folks. Silver has broken down below it's medium term up trend. The market is not yet closed and we need to see if we get a bounce later on, but so far it doesn't look good. The best we can hope for now is a false break down and a bounce back tomorrow.
It seems that the unstoppable strength in the dollar continues to put pressure on the metals.

Dollar

[IMAGE: https://cdn.steemitimages.com/DQmNopGau7fH27ToBit1dy1cjT2B9T2e6iwgsu7G3XGyBYk/image.png]

Gold is holding fairly steady bringing the G/S ratio back up to 78.2.

Not a great day today but lets see if we get a bounce. If not I would be very concerned about silver in the medium term.

For disclosure, I'm not a professional advisor and this is not investment advice, merely my own observations of the market and indexes, so do your own research.

TAGS: [ #steemsilvergold ] [ #gold ] [ #silver ] [ #markets ] [ #money ]

Replies

@ssg-community | June 27, 2018, 8:12 p.m. | Votes: 1 | [ VOTE ]

Thank you for your continued support of SteemSilverGold

@ronaldoavelino | June 27, 2018, 8:16 p.m. | Votes: 1 | [ VOTE ]

Let's hope for the bounce tomorrow. Today is almost impossible...

@shareables | June 29, 2018, 3 a.m. | Votes: 1 | [ VOTE ]

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@minnowsupport | July 2, 2018, 8:38 a.m. | Votes: 1 | [ VOTE ]

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by unc.hermit from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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