Silver is Getting a Bit Frothy

By Bob Moriarty / June 02, 2020 / www.321gold.com / Article Link

Bob Moriarty
Archives
Jun 2, 2020

It’s not uncommon for the metals to want to take a break in late spring. Silver has been on a tear lately and is getting a bit frothy. TheDSI is at 93 and while that is not saying we are at a major top, it does suggest that a correction into perhaps August would not be amiss.

In addition the silver seasonals favor a correction from May into August. Silver and silver shares have been blasting higher and taking some profit off the table is not a bad idea. We are not at a major top, we are nowhere near as high as silver is going to go but markets go up and markets go down. It’s not manipulation. It’s how life works.

(Click on image to enlarge)

###

Bob Moriarty
President: 321gold
Archives

321gold Ltd

Recent News

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com

Tariff issue caused by potential definition change of traded gold bars

August 11, 2025 / www.canadianminingreport.com

US BLS head removed after revisions to employment data

August 04, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok