Ransquawk

SILVER prices have been falling since the middle of June, which, moreover, is part of a wider downward movement. The correction made during the last sessions reached the low of the last year. Since then, the price has been slowly tilting south. It seems that a strong dollar may decide about further drops, indicated by the technicial outlook. The correlation with gold, which clearly loses, is also significant. Yesterday, the World Gold Council organization report was published, assessing the demand for gold on a quarterly basis. In the second quarter, the demand for this ore fell by 4%, and the so-called investment demand for various instruments based on the price of gold. It seems, therefore, that both raw materials have no positive prospects. Silver can test the low from 19 July soon.

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