As FOMC Looms, Silver & Gold Back Above Key Technical Level


With a 4.5% chance of rate hike priced into the markets at today’s FOMC meeting, it is unlikely that anything exciting will happen today. However, with China outflows, BoJ easing expectations, and Draghi still promising more, it appears precious metals are once again bid. Both Gold & Silver have broken back above their 200-day moving-averages this morning






Charts: Bloomberg


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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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