MARKET NEWS / GOLDEN RULE RADIO

Silver’s Trajectory: Channel Patterns, Chinese Imports, and Gold’s Price Dynamics

MARKET NEWS / GOLDEN RULE RADIO
Golden Rule Radio • Aug 10 2023
Silver’s Trajectory: Channel Patterns, Chinese Imports, and Gold’s Price Dynamics
MPM Posted on August 10, 2023

Silver remains within a rising channel, hovering just below its 200-day moving average. We examine the intriguing dynamics of Chinese imports, which have experienced a notable 14.5% decline in July year over year, marking a shift in the global landscape. Meanwhile, gold maintains a resilient stance at $1915, with a moderate pullback from its impressive 30% surge over the past 6 months. Join us as we analyze these developments and explore the potential implications for your precious metals investments. Thanks for listening.

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