McX Base Metal Trend Today
The McX base-metal trend today is showing some significant declines in the metals market. The price for silver which is falling has only experienced a small rise in value and that is only by a couple of dollars.
Silver prices have just about reached their trough in terms of movements on the market. There are a number of reasons why this particular trend is currently being played out as it is, but we will look at three of the biggest ones here.
First of all, most people have not heard of silver since the prices have not been very high at all in the past couple of years. Most of these people still hold some form of a position in silver. This is causing many people to sit on their money in a way that they can't get it out because of low levels in the market.
Another major reason that we are seeing more holding onto their silver is that they are waiting for the prices to go back up before selling their shares. Some people have already done this and it is a fact that this move is only going to continue for the time being.
An even larger reason is that the metals market has had some big moves in the past couple of weeks. That means that it is much easier to make a move in the metals markets when it is a good move. Most of the buyers were not selling as quickly as they would have if the market was doing a slow burn.
With these three factors, the metals market has been moving downward. It looks like the same thing will be happening in the near future as well. At the current rate it seems as though the market will begin to show some more price declines soon.
With all of this going on, the metals market is only going to continue to go down. Some people have already started to sell at this point.
It does not matter how big the movement is, because there are going to be people who try to take advantage of the weakness in the metals market and sell at any cost. Some people have already been doing this and the gold and silver are going to continue to fall until they are all gone.