1
RPby u/rama_p·8hDiscussion

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

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.

2 comments · 1 points

2 Comments

PEu/petralukic·4h

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.

3
AZu/azhao·6h

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.

1

More like this