Silver Bulls Are the Walking Wounded

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Silver Bulls Are the Walking Wounded
France Dernières Nouvelles,France Actualités
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Silver has been a major underperformer in recent months, as the white metal proved no match for higher real yields and a stronger USD Index. With silv

Silver has been a major underperformer in recent months, as the white metal proved no match for higher real yields and a stronger USD Index. Withsilver gunning for its 2023 lows, the recent sell-off has done severe technical damage. And while the weakness has been a boon for our GDXJ ETF short position, silver could enjoy a meaningful bounce in the weeks ahead.

4 that its Market Composite Index declined by 6% week-over-week as higher long-term rates make homes even more unaffordable. Moreover, the longer the gambit persists, the more it stresses the U.S. economy, andthe more the USD Index should soarwhen an ominous event occurs. Joel Kan, MBA’s Vice President and Deputy Chief Economist, said: “Mortgage rates continued to move higher last week as markets digested the recent upswing in Treasury yields.

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