Investing.com - Financial Markets Worldwide
📩 July's AI-picked stocks will be out soon. Get full access with InvestingPro >>>Subscribe now

Silver Price up 3%, Start of a June Rally?

ByDaniela Hathorn
Published 06/08/2023, 01:09 PM
Silver Spot US Dollar
0.52%
SI
0.06%

Silver prices regained their upward momentum this week.

The white metal reached a daily top of $23.65 and could be set for an assault on the $24 level, which is a 3-week high.

But will the entire month of June see a rally?

Capital.com senior market analyst, Daniela Hathorn looks at the latest news developments, and both the fundamentals and the technical interpretations of where silver might be headed in the new few weeks.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

Which stock should you buy in your very next trade?

With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.

In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.

With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

Unlock ProPicks AI
Read Next

Latest comments

Upendra DesaiJun 10, 2023, 18:56
yes silver will cross $26 🤞
Peter CooperJun 10, 2023, 12:45
Inverted head and shoulders clearly visible in short-term chart. Very bullish. Silver has lagged way behind gold in the recent precious metals' rally and is due for a catch up. It should be $50 an ounce if the gold:silver ratio was the same as in 2011 when silver last topped out at a fraction lower than its 1980 all-time high. Markets do tend to rebound to previous highs.  Key New York-based chartists have called a major break-out. A weakening dollar as rate rise hopes falter, and even crypto legal issues taking out a rival store of value, bode well as catalysts for higher silver prices. A rate high pause would be a major boost. Stagflation is the best environment for gold and silver.
Show all comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.