Silver Approaching $70 Magnet: Buying in Gold, Oil, and Stocks Amid Venezuela Tensions and Santa Claus Rally
AI Summary1 min read
TL;DR
Silver futures near $70 amid Venezuela tensions, with gold, oil, and stocks also gaining. The SLV ETF is overbought but may continue rising, supported by miners and a potential Santa Claus rally.
Silver futures are approaching the $70 magnet, driven by Venezuela-related news. Gold, oil, and stocks are also seeing buying in the early trade. The RSI on the silver ETF SLV shows it is overbought but has room to run further. Gold and silver miners, as well as copper producers, are also hitting new highs. Oil and stocks are seeing buying due to Venezuela news and potential Santa Claus rally.
