Why the Price of Silver Could Rally Following the Midterm Elections
November 06, 2018 at 12:31 PM EST
The price of silver struggled in the early part of last week as the dollar gained and stocks retreated. Silver prices gave back about 2.6% in just two days. That would be a short-term blip, with silver quickly regaining all those losses in the next two days. October was brutal to stocks, with major indexes losing anywhere from 11% to almost 15%. By contrast, the silver price was down just 2.4%, while silver stocks gave back about 5%. There's little doubt from the action in both the dollar and precious metals that U.S. midterm elections have some sway on investors, which have sought shelter with these safe havens in the face of political uncertainty. I think the removal of that uncertainty, to a large extent, will take some air out of the dollar, which could help silver continue to rally. Tags: Silver Prices To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why the Price of Silver Could Rally Following the Midterm Elections appeared first on Money Morning - We Make Investing Profitable .