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Why the Price of Silver Is Down This Week, and Where It's Headed Next

I’m excited about silver. Now let me first say I know what happened to the price of silver over the last week. The precious metal is down 2%, and that’s after the Fed rate hike is finally out of the way. I also know the U.S. Dollar Index (DXY) is up over that same time. In fact, it jumped some 150 basis points, driven by both the rate hike and weakness in the euro. But remember, gold tends to put in a low around the time we get rate hikes, and it also tends to put in a seasonal bottom around mid-June. And silver tends to follow gold’s lead. Tags: Silver Prices To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why the Price of Silver Is Down This Week, and Where It's Headed Next appeared first on Money Morning - We Make Investing Profitable .
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