Despite a rally early last week, gold actually ended the week a bit lower than the previous one. Mining stocks moved higher a bit and the biggest gains were seen in silver – the white metal rose 78 cents last week. Let’s once again discuss what happened, what’s likely to happen and how far silver is likely to rally.

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Silver rallied sharply yesterday but before the day was over, it erased almost all the gains and the same was the case with gold. It was not really the case with mining stocks, but likely only because miners were not trading before the session started in the U.S. What’s next?

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The precious metals market didn’t do much yesterday, but they rallied much higher in today’s pre-market trading, especially silver. Will the rally continue much higher?

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During yesterday’s session (actually, mostly in the pre-market trading) the precious metals market – especially silver – moved higher as the USD Index moved lower. Will the rally continue?

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