Will Silver Prices Keep Sliding?

silver gold bars
Written by Mike Hammer

Silver’s impressive run-up came to a halt last Thursday when some good news about the US-China trade war hit the Twitterverse. (We’ve given our opinion on that already, so we’ll just move on.)

You’ll remember our adage about drops hitting 3x as hard as rises – well it wasn’t true in this case.

The last 3 trading days brought a drop equal to the previous 6 up trading days, so the drop was only 2x as sharp. But for those who bought in during the last few days of the run-up it probably felt 3 times as bad.

Here’s the… Continue reading at ETFDailyNews.com

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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