Silver Eyes Key Breakout Levels as Inflation Heats Up

Gold and silver markets advanced early this week, with silver leading the way.  On Thursday, the metals sold off a bit as the U.S. dollar gained.

The major trend for the dollar, however, is down. The Dollar Index has been grinding lower since mid March, when it put in a spike high. 

Silver finally broke through $19 level with a strong close above it on Monday.  There hasn’t yet been much follow-through. Although silver has continued to close above $19, we’re not seeing a big momentum push higher.