Why Is Silver Rallying Today?

silver coins
Written by Mike Hammer

Once again defying skeptics, silver popped overnight on news that China is delaying trade talks. President Trump, in typical fashion, immediately went on the offensive saying it might be better to wait until after the US election to hammer out a deal.

What did that do for silver prices? Here is the “before” story as told by SLV, the unleveraged silver ETF that trades on US markets.

silver price chart december 2019

As you can see, silver has been trading in a very narrow band for the past several weeks. In this case 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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