Silver Price Prediction – Does Prices Rise Despite Rally in Yields ?
Silver prices rally buoyed by a rally in gold !
Silver prices moved higher on Monday for the 4th consecutive trading day as the dollar declined. U.S. yields were mixed as the 2-year continued to climb, and the yield curve flattened. Gold prices also moved higher, buoying the precious metals complex. Most European markets were closed on Monday due to the celebration of Boxing Day.
The week between Christmas and New Year is often when risk appetite increases. It’s known as the Santa Claus Rally. Silver prices that are generally considered correlated with signs of growth benefit typically during this period.
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