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Video: Silver in Middle of Week July 13-17, 2020

July 15, 2020 at 13:53 by Vladimir Vyun

In the present video, Phil Carr from The Gold and Silver Club talks about silver in the middle of the week of July 13–17, 2020. He starts the video by mentioning that hedge funds and money managers increased their net long positions and the gold-silver ratio broke down. Phil recommends watching the European Central Bank monetary policy meeting on Thursday as it tends to have a big impact on the currency market. The Dollar Index is also important as metals tend to trade inversely to the US currency, though Phil reminds that it can also be important to watch gold priced in other currencies, like the euro. He also warns traders that cyclically gold is usually weak in the second half of July.

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