Much has been said about the bull market in precious metals as gold rose 40% from March lows to August highs, while silver notably outperformed that and posted a 150% increase in the same time-frame. All this happening within 6 months is very impressive.
However, since August highs, both metals are plunging – gold is lower by 10%, and silver by 25%. That’s understandable, considering the steep rally in metals over the previous months.
The million-dollar question is; what happens next?
The big drop in gold and silver has primarily been driven by dollar strength. The dollar index hit a two-month high on Wednesday. Investors have moved to the USD due to more…
