Brexit and Silver

by Roland Watson
Silver Seek

If it escaped your notice, there is the small matter of British citizens voting on whether to leave or remain within the European Union on the 23rd June. Being a British citizen (or is that a British subject), I have a vote to cast which requires some thought. However, one other thought is the effect a “Brexit” would have on silver as measured in Pounds Sterling.

Now, Britain does have its fair share of silver investors, who will see silver as an investment opportunity, or perhaps a bulwark against a currency that is subject to the same predations as any other fiat currency. The silver story in British Pounds is pretty much the same as the one for US Dollars as the monthly chart (courtesy of netdania.com) shows.

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