The 'easy' gains have probably been made and the next 20 cents, if they happen, will be a challenge.
If you are confused about what to do with prices above $1,800, you aren't alone.
The metal is one commodity that should be bought on any weakness, barring a full-blown economic recession.
Imagine what the stock market might do if the currency headwinds became tailwinds.
The market misread the narrative that there was a cyclical recovery. That equity spike had to come back to earth.
Oil prices have recovered on supply cuts and increased demand, but specs have already loaded up on longs.
There is no doubt we will be entering a period of hyper- or stagflation. Buy commodities, but be choosy.
Those looking to either remain long or get long the precious metal from these levels should do so in a skeptical manner.
The spread between spot and physical silver has narrowed in recent weeks as the response to the pandemic adds to an already-steep national debt.
We anticipate the price of gas to trade sideways to higher overall in the coming months.