Silver’s fate will be determined over the next few weeks by the events unfolding around China’s stock market.
If their equity markets stabilize, and if it looks as if the worst is over, silver will stabilize as well. If not, then neither will silver.
The reason is simple – the further the stock market of China falls, the more concerns will grow about slowing global growth overall, but especially growth in China, which is the world’s largest consumers of most raw materials and many commodities. Poor demand never bodes well for commodities, and silver is no exception.
Read More @ TraderDanNorcini.Blogspot.com
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