How the US-China Trade Deal Is Affecting Silver Prices

silver gold bars
Written by Mike Hammer

Like gold, silver held strong at its support level of 17.70. This prompted many analysts to advise staying long silver as the US signed a Phase I agreement with China in the ongoing trade war.

Thinking is that if that much positive news can’t sink silver, this must be the local bottom – and there could be a big upside move. See what other adjectives forecasters are using, along with their reasons why and the new price level to watch in silver, in today’s featured article.

Continue reading at Yahoo Finance

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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