Gold and Silver Crash? What's next as Dollar is falling with Precious metals?
Gold and Silver are headed down and the dollar is loosing strength.
This correlation doesn't occur often and we are watching would could be part of a deflationary implosion of the commodities market.
Could this be the move that brings the US into recession?
Check this chart of the Silver Futures market and the dollar index (in blue), there movements are together. Gold is also seeing the same.
Support is coming in at $16.14 and next psychological support of $16. Below that we could see $15.40.
Precious metals can be quite volatile, and you must manage your risk.
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