Silver continues to push higher

FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver markets rallied again during trading on wednesday reaching above the $17 dollar level during the U.S. market session. There is fear in the markets at the moment with three (3) Asian central banks cutting interest rates overnight (New Zealand, India and Thailand) which suggests this is a coordinated move. The global economy is certainly slowing down, suggesting we could be entering in to another global financial crisis and the safe haven for investors is precious metals and more recently - Bitcoin . We are already in a retracement from the latest high which has bounced from the 38% fib retracement zone. Price should now push up once more and our target is around the 17.60 level


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