It’s funny how things work. Yesterday, FED chairman, Jerome Powell, officially stated that the economy is slowing, just three months after he claimed it was healthy, strong, robust, and any other word that his $2,000/hr statement writer manages to cook-up.
With spot silver prices reaching new lows and the U.S. dollar hitting 52-week highs, it has been touch and go for investors in the white metal. Are we in a bear market with silver, and is silver undervalued? Many medium- and long-term holders and stackers are feeling trapped, and they’re hoping for a sign that silver’s luster hasn’t faded away.
Investors and analysts are as polarized on precious metals as they have ever been. What exactly are we looking at with the price pressure in gold and silver in 2018? Does it make sense to take a new position or add to an existing one? Or, should investors cut and run, abiding by the trader’s adage “cut your losers short”? After all, one person’s “loser” can be somebody else’s buying opportunity…