Loading ...I think silver and copper have something in common.Maybe not exact but in common. Oil too to a extent too as people drive to work as well as industrial that needs it. Copper goes down when the industrial part at least, economy goes down. Silver goes down or lagging when the economy and jobs they create can’t afford to even by silver and may even have to sell it. I could see or suspect when I first started noticing it in stocks that there was a lag in wages compared to inflation through the years of the working class or middle class getting poorer and the difference in the POG and silver were so wide as in rich man poor man’s gold.
Also after Trump when the ones who resent the middle class over the me myself and I crew got in, gas prices were going up every month along with housing till the Fed started raising interest rates. They targeted anything to live and the quality of life
To cut it short before the mid east desired target was around 50-60, then it jumped to a minimum of 70 to make them happy. I checked back post Trump and sure enough I noticed that when oil dropped below 70 it started creeping back up. Weather they were tightening production then I don’t know. I wasn’t following it or if the US was now involved just watched the price for personal reasons or any future travel arrangements. Now that they know that Trump is back in with drill baby drill next month I wonder if that minimum price of 70 could drop a bit.