Can Gold and Silver Start To Rally? [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

This is not to say the either silver or gold could begin the early stages of a strong rally campaign, next week, next month, next year. Knowing when really does not matter if one is prepared for events as they unfold. The “WHEN” that eludes almost everyone will occur when price is ready to move, and not a day sooner. That is how markets work.

silver price weekly 9 May 2014 price

No matter how many times one looks, there is very little in the way of evidence that says silver is about ready to take off. Quite the contrary, for silver continues to make lower highs and lower lows. When it comes to what one would like to see happen, and what is actually happening, it is only the latter that counts.

silver price daily 9 May 2014 price

 

This article is brought to you courtesy of Michael Noonan from Edge Trader Plus.

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