Silver: pushed by Reddit

Silver: pushed by Reddit

In 2010-2013, silver was above $30. Now, it's time to get back! For the first time during the last seven years, silver rises to $30 in a spectacular leap from $25 to $30 in just three days!

Among the possible reasons, observers are mentioning the echo of the situation around Reddit that moved a lot of other assets as well.

That doesn't mean it's going to be an upward march as continuous as a decade ago, though. Therefore, watch further news and apply usual analysis: very likely, the bullish trend got exhausted - at least, in the mid-term.

Also, don't forget you can trade silver in FBS Trader: as you can see in the image below, the charts there are as nice as in MetaTrader, but possibly much simpler to observe. 

                      2021-2-1 15.37.9.520.jpeg     

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Risk on is back on market
Risk on is back on market

The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.

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