NEW YORK ( TheStreet) -- Volatility in silver prices will likely continue this week on the offsetting effect of bargaining opportunities due to price declines last week and bearish technical indicators. In addition, volatility in the dollar index could result in additional volatility in silver prices.During this week, the dollar may remain firm on positive U.S. economic data in the form of rising durable goods orders and falling jobless claims. However, the second quarter GDP figures could show a slowing down in the economy, denting market sentiment and the dollar index. Overall, the dollar may result in additional volatility in silver prices.
Silver Volatility Likely to Continue
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.