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

asked by u/rama_p · 7d · 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.

Join the full discussion

Top answers

  • u/petralukic· 3 pts· 7d

    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· 7d

    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.

Related questions