Silver:-
Silver prices
gained as the dollar slipped with traders waiting for U.S. jobs data for
clues on the pace of possible U.S.
interest rate hikes in 2017. Fed
policymakers "emphasized their considerable uncertainty" about future
economic policy changes. The number of
Americans filing for unemployment benefits fell near a 43-year-low last week,
suggesting the economy ended 2016 with strong momentum. On its one-year chart we can see that
silver's corrective action from early jun has brought it all the way back to
its steadily rising 200-day moving average, a classic buy spot where a
potential intermediate base has formed.
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