Commodities
$70 Resistance Holds Back Silver Price Rally
The price of Silver has been showing signs of upward pressure as global interest rates remain calm.
This is good news for Silver, as it is a non-yielding metal and asset that is particularly vulnerable to higher rates.
The Bank of Japan's less-than-convinced stance on further rate hikes may have contributed to this stability in rates around the world.
Silver has been trading within a range between $60 and $70, with the $70 level serving as significant resistance.