Will The Silver Rally Continue In August?

August 17, 2020

Many precious metals investors are wondering if the silver price will continue to rally over the next several months.  Well, that depends on what happens to the silver price over the next two weeks.  In my newest video update, Will The Silver Rally Continue In August, I discuss what I think will happen to the silver price by the end of the month.

Of course, this is only my opinion, but from watching Day Trading trends and the underlying positive fundamentals, I believe the silver rally will continue:

Towards the end of the video, I provide my analysis as to where I see silver closing by the end of August.  Furthermore, I discuss the positive change in the newest Silver COT Report, shown below:

With the silver price trending higher as the Commercial Net Short positions decline, it suggests a very positive signal for a continued rally in the coming months ahead.

The melting point for silver is 961.93 °C - 1235.08 °K

Silver Phoenix Twitter                 Silver Phoenix on Facebook