Looks like silver just broke support. Next support should be 20, and then 18 (2019 highs).
While gold and silver have a history of falling during big stock market drops (2008/09, 2020), there may be some other factors at work in the current drop -
- Gold - Since Russia has now pegged the ruble to gold (domestically), it would be in the US/West interests to see gold lower in order to weaken Russia.
- Silver - The silver price generally follows gold, but another factor is silver's key role in solar panels, so there is an incentive for globalists to want lower silver prices.
- Inflation - The Fed is struggling to contain high inflation, and high gold/silver prices work against that goal.
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