Silver Futures - Mar 23 (SIH3)

The job numbers have stayed surprisingly resilient despite daily announcements by major companies of job cuts and freezes and a weaker-than-expected ADP report on Wednesday.

With gold starting to run again, the mid-tier and junior gold miners’ stocks in their sector’s sweet spot for upside potential are increasingly surging.

Gold recently corrected a large part of its previous move, but later traded above an important resistance level. Will it be able to sustain this move?

Federal Reserve Chairman Jerome Powell came out this week and indicated the central bank is set to pivot away from its aggressive rate hikes. But he couched the announcement in hawkish terms.

The US dollar fell to multi-month lows against major currencies as a result of continued optimism and US data that weighed on the Fed’s monetary policy.

In a world where money is devalued every second and governments are scrambling to stay afloat, it’s worth holding some assets outside of the increasingly tenuous financial system.

Yesterday confirmed the risk-on turn in S&P 500 and beyond as Powell didn‘t spook the markets in the end.

Silver outperformed gold in quite an impressive way. However, can this really be considered bullish, or was it in fact just a correction?

investors. The estimated mineral resource is constrained within an open pit economic shell based on a gold price of $1,800 per ounce and reported at a cutoff grade of 0.007 ounce gold per ton.