Silver Market Morning: July 5 2017 - Gold stabilizing at lower levels, Silver double bottom?

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Silver closed at $16.08 yesterday [in London] after $16.14 at New York’s close Monday. As with gold, silver is stabilizing at lower levels. As we said yesterday, silver ignores its own fundamentals and will follow gold as a monetary metal, both ways further and faster. We are expecting the silver price to be volatile, but with the present stabilizing, we hope to see a clear direction in the price of gold and silver. The question remains, is silver forming a double bottom?

Gold Today

Wednesday, July 5th

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First published here: Silver Market Morning: July 5 2017 - Gold stabilizing at lower levels, Silver double bottom?

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