The $SI Dip: What's the Real Driver?

asked by u/rama_p · 2mo · 2 answers

Seeing $SI drop over 3% today to 19.03, even hitting 18.65 intraday, feels more significant than just a typical dip. Given the recent chatter around a stronger dollar and potential Fed hawkishness, I'm leaning towards macro pressures rather than a pure commodity play. Keeping an eye on the broader DXY index; if it starts to consolidate higher, silver could find itself in a sustained downward channel.

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  • u/petralukic· 3 pts· 2mo

    It's interesting you bring up the DXY. I've been watching it too, but I'm also wondering if there's any specific news related to industrial demand for silver that might be playing a role, especially given the current economic climate.

  • u/azhao· 1 pts· 2mo

    I agree that the DXY is a significant factor here. While silver often has its own supply/demand dynamics, a sustained rally in the dollar makes it a much tougher environment for precious metals across the board.

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