Thursday 30 August 2012

Silver direction - Waiting the FED

Tomorrow will be the statement of the President of the FED. We'll have more details if it will allow monetary easing to inject money into the economy by QE3. The price of silver has been stable for 3 days now waiting for the response of the Fed. Currently the price is between 30.60 and 31. 2 direction is possible that the Fed will decide. If there is a monetary easing, there are high chances that the price of silver continues to rise upwards. If the Fed does nothing, then we could see the price of silver down. That is why tomorrow will be a very important day.

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