If I had to bet, I'd say silver is waiting to see if gold breaks below that "must-hold" support at $1,080.
If gold can hold that support and rally, then silver should be in for a face-ripper to the upside.
The latest silver news ...
- Sales of Gold and Silver at the U.S. Mint Soar in July
- US Mint replenishes supply of silver and will resume sales of American Eagle coins July 27.
- Gold Smash Leads to Surge in Demand For #Coins, #Bars
- Gold Daily and Silver Weekly Charts - Falling, Coiling - The Slow Blues (from the always excellent Jesse)