Source: LiveTradingNews.com
Silver: The Ultimate Bottom
Silver/iShares Silver Trust (SLV) has been in freefall ever since prices broke down in mid-June. After the Fed’s decision to raise rates, and the subsequent failed breakout, prices collapsed by nearly 20% in under 3 months.
SLV 1-Year Chart
Source: StockCharts.com
However, despite the abysmal price action, the fundamental image surrounding silver appears quite strong. The U.S. economy is expanding at its fastest pace in years, there’s ample inflation, silver demand is outpacing supply, the dollar’s strength could prove to be transient, and other fundamental factors suggest