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Silver Prices Break Key Downtrend - Bullish Breakout Confirmed for XAG/USD?
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US Dollar weakness against the backdrop of heightened US fiscal stimulus expectations has reinvigorated the bullish fundamental backdrop for silver prices.
A break of the downtrend from the August, September, and November swing highs suggests that the bull flag/triangle that formed in silver prices has yielded a bullish breakout.
Recent changes in sentimentsuggest that silver prices have a mixed outlook in the short-term.
Silver Prices Jump Ahead of December Fed Meeting
Silver prices are pacing higher by more than +2% this Wednesday morning, mere hours before the Federal Reserve concludes their December rate decision. The December Fed meeting, which will produce a new quarterly Summary of Economic Projections, is likely to show more stress on the near-term horizon for the US economy, while longer-term potential has been elevated due to the beginning ....

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