Silver Prices Struggling – Will US Jobs Report Change Narrative?

Silver Price Forecast Overview:

  • After an explosive start to the summer, the silver price rally has come to a screeching halt as the seasons have changed to the fall. In part, this has to due with the last US jobs report – which is why the forthcoming release on Friday is so critical.
  • A rise silver volatility in context of broader market conditions (strength in equity markets, weakness in the US Dollar) could prove to be beneficial for silver prices and reverse a recent deterioration in the relationship between silver prices and silver volatility.
  • Recent changes in sentiment suggests that silver prices have a bearish outlook in the short-term.

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Recommended by Christopher Vecchio, CFA

Traits of Successful Traders

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