Silver Costs Fall Again to Key Development Assist
Silver Value Forecast Overview:
- Silver prices have remained beneath the uptrend from the July and October swing lows, sustaining the downtrend from the September and November highs.
- Silver volatility has plunged to its lowest stage because the first week of August; silver costs have reached their lowest stage since mid-August. The 5-day correlation between VXSLV and silver costs is 0.56 and the 20-day correlation is 0.83.
- Recent changes in sentiment means that silver costs could proceed to battle by way of the top of the week.
Silver Costs Struggled in November, Gentle Begin to December
Silver costs simply endured their second-worst month of the 12 months, dropping -6.05%, with solely September’s -7.37% coming in worse. General, November 2019 was the third-worst month for silver costs because the begin of 2017. Evidently, silver costs struggled final month, and they’re…