SILVER: The Inverse Of The US Dollar

July 9, 2021

The US Dollar has recently corrected upward, but now the US Dollar appears ready to continue its move downward, again.  At this time, Silver is still sitting at a low price, but the new Dollar decline should light a fire under the price of Silver.  Let’s take a look at the Silver Chart in order to see how much Silver might rise on this run as Silver appears to be on the cusp of an approximate 30 day run, higher.

THE SILVER CHART SUMMARY

There is a regular cycle for Silver to rise that starts now and extends until August 11th.  The last time that Silver entered that cycle, last year, Silver went on a big run- up from $18, up to $30.  If we have a similar run, today, then we might see Silver run up to around $38.  The USD has been rallying for some time, now, but it appears to be moving into stiff resistance, above.

Of course, such a run downward in the US Dollar would also have a similar effect on the price of Gold.  Maybe we can return to address the potentials for Gold “as the Dollar falls.”

CHART OF SILVER – HERE BELOW:

Disclaimer

Please understand that the above is just the opinion of a small fish in a large sea. None of the above is intended as investment advice, but merely an opinion of the potential of what might be. Simply put: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Comments within the text should not be construed as specific recommendations to buy or sell securities. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions. In the interest of full disclosure, GOLDRUNNER is personally invested in the Precious Metals sector including various Precious Metals and other individual stocks. GOLDRUNNER reserves the right to modify or eliminate any or all positions at any point in time.

GOLDRUNNER44@AOL.COM  

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Peru became the world’s largest producer of silver in 2012.

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