Silver Market Morning: Dec-7-2015

With just over a week to go to the Fed’s announcement on interest rates, the gold and silver markets are likely to move sideways, unless there is a concerted attack on these prices by bears. We don’t think this is likely after the disappointing surprise from the European Central Bank on more stimuli. When the rate rise from the Fed does come, we expect either a 25 basis point rise OR LESS. If we see a smaller than 25 basis point rise, we expect markets to react in a similar way to the way they did last week. This will be positive for gold and silver.