{"id":23552,"date":"2020-09-07T12:11:17","date_gmt":"2020-09-07T18:11:17","guid":{"rendered":"https:\/\/srsroccoreport.com\/?p=23552"},"modified":"2021-09-17T11:19:14","modified_gmt":"2021-09-17T21:19:14","slug":"another-big-month-for-the-silver-price","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/another-big-month-for-the-silver-price\/","title":{"rendered":"Another Big Month For The Silver Price?"},"content":{"rendered":"<p>Precious metals investors are wondering if the Silver Rally will continue in September.\u00a0 After the silver price reached nearly $30 in August, it has been consolidating lower over the past few weeks.\u00a0 However, silver tried to surpass the $29 level but fell last week along with the broader markets.\u00a0 So, the trend for silver in September may rely upon the broader markets.<\/p>\n<p>I discussed this in my newest <a href=\"https:\/\/www.youtube.com\/watch?v=fTvCuW4B8xo\" target=\"_blank\" rel=\"noopener noreferrer\"><em><strong>YouTube video update, Another Big Month For The Silver Price<\/strong><\/em><\/a>?\u00a0 In the video, I explain some of the forces that will impact the silver price in September.<\/p>\n<p><iframe loading=\"lazy\" title=\"Another Big Month For The Silver Price?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/fTvCuW4B8xo?wmode=transparent&amp;rel=0&amp;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"color: #800000;\"><strong>Furthermore, the $26 level on silver&#8217;s weekly chart is a significant support level going back ten years.\u00a0 As you can see, once silver broke above the $26 level in late 2010, it remained above it until 2013.<\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-23554\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/Silver-Weekly-Chart-Long-Term-26-Level-Sep-04-2020.png\" alt=\"\" width=\"650\" height=\"490\" srcset=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/Silver-Weekly-Chart-Long-Term-26-Level-Sep-04-2020.png 1103w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/Silver-Weekly-Chart-Long-Term-26-Level-Sep-04-2020-300x226.png 300w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/Silver-Weekly-Chart-Long-Term-26-Level-Sep-04-2020-1024x771.png 1024w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/Silver-Weekly-Chart-Long-Term-26-Level-Sep-04-2020-768x579.png 768w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/Silver-Weekly-Chart-Long-Term-26-Level-Sep-04-2020-320x240.png 320w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>We need to keep an eye on the broader markets as they will be one of the larger drivers of the gold and silver prices in September.\u00a0 <span style=\"color: #800000;\"><strong>However, at some point, I believe the precious metals will DISCONNECT from the broader markets as investors move into gold and silver to protect wealth.<\/strong><\/span><\/p>\n<p>If you have not seen this article, it&#8217;s worth a read as Peru&#8217;s silver production declined in July, suggesting that the virus is still impacting the mining industry in the country.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/srsroccoreport.com\/trouble-in-peru-silver-production-recovery-stalls-as-mine-supply-falls-in-july\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-23511\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/TROUBE-IN-PERU-NEWEST.png\" alt=\"\" width=\"600\" height=\"229\" srcset=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/TROUBE-IN-PERU-NEWEST.png 1104w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/TROUBE-IN-PERU-NEWEST-300x115.png 300w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/TROUBE-IN-PERU-NEWEST-1024x391.png 1024w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/09\/TROUBE-IN-PERU-NEWEST-768x294.png 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>With Peru&#8217;s silver production declining in July, this could cause more issues in the silver market as investors continue to move into the shiny metal.<\/p>\n<script>(function() {\n\twindow.mc4wp = window.mc4wp || {\n\t\tlisteners: [],\n\t\tforms: {\n\t\t\ton: function(evt, cb) {\n\t\t\t\twindow.mc4wp.listeners.push(\n\t\t\t\t\t{\n\t\t\t\t\t\tevent   : evt,\n\t\t\t\t\t\tcallback: cb\n\t\t\t\t\t}\n\t\t\t\t);\n\t\t\t}\n\t\t}\n\t}\n})();\n<\/script><!-- Mailchimp for WordPress v4.12.1 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><form id=\"mc4wp-form-1\" class=\"mc4wp-form mc4wp-form-5 mc4wp-form-theme mc4wp-form-theme-red\" method=\"post\" data-id=\"5\" data-name=\"Posts &amp; 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