ETPMAG - ETFS Physical Silver ETF

PMs breaking out everywhere on the back of the spot price confirmed break through.

Sean K said:

PMs breaking out everywhere on the back of the spot price confirmed break through.

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Our SVL and IVR getting bought up quite nicely. Hopefully they and silver price hold up!

"Precious metals were strong yesterday after another post from President Trump on Truth Social claiming US prices are “WAY DOWN” with virtually no inflation. It wasn’t fresh rhetoric from left field from the ultra-dovish President who wants interest rates lower. However, it was enough to drive precious metals higher, illustrating the path of least resistance for gold and silver remains up. Both metals have more than doubled over the past three years, propelled by mounting risks in geopolitics, business, and global trade:

• Silver surged over 2% posting its highest level since September 2011.
• Gold popped more than $US40, leaving it within 1% of registering new all-time highs.

We can see silver extending its upside move, which seems to be gaining momentum."

ETPMAG
MM is cautiously bullish towards silver as it trades above $US40

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