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Outperforming gold! Is silver the biggest winner among csi commodity equity index at the end of September?
In September, silver has accumulated nearly a 10% increase, outperforming gold, and the price has climbed to a near twelve-year high. Analysis points out that due to supply shortages and the rebound in industrial demand, silver is expected to usher in a second wave of upward momentum. Recently, silver funds have seen a surge in long positions, and Goldman Sachs predicts that silver will start a "chasing trade".
Silver prices have suddenly fallen in the short term! How will silver perform next? FXStreet analysts' latest technical analysis of silver prices.
During Tuesday's Asian market trading, spot silver suddenly fell rapidly in the short term. Currently, the silver price is near $29.25 per ounce, plummeting 1% intraday. FXStreet analyst Christian Borjon Valencia pointed out that the technical outlook indicates a 'put-swallowing' pattern that began last week, and the relative strength index (RSI) shows bearish momentum.
Silver Price Analysis: Closes in on Key Support, Uptrend Still Intact
BOIL, AGQ and KOLD Among Weekly ETF Movers
Is the commodity bull market ignited? The specter of inflation will probably not easily let go of the Federal Reserve
The commodity index hit a new high during the year, posing a serious threat to Federal Reserve Chairman Powell's efforts to fight inflation.
10-Q: Quarterly report