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Can Silver And The Dollar Rise Simultaneously?

|Includes: SLV, UDN, Invesco DB USD Bull ETF (UUP), ZSL

The author of this article agrees with me that the US Dollar (UUP, rated "buy") should continue to climb due to reduced imports such as oil and a strengthening economy. Goldman Sachs also agrees with a forecast of a higher dollar.

The technicals for silver (ZSL rated "short") are good.

How can both the dollar and silver do well when silver is denominated in dollars? If the economy improves, both should do well. In a solid economy, industrial metals like silver do well. Also, global investors are more eager to buy dollars to buy stocks and bonds.

Disclosure: The author is short UDN.