Risk-Off In Silver – VelocityShares 3x Long Silver ETN (NASDAQ:USLV) | Seeking Alpha

Risk-Off In Silver

Silver has put in a disturbing pattern of lower highs since reaching a peak of $19.54 per ounce on the nearby COMEX futures contract in early September 2019. After a correction that took the price of the precious metal to a low of $16.465 at the beginning of December, it rose to $18.895 in early January when the US and Iran were on the edge of a full-scale war in Iraq.