It hasn’t been a happy three months for silver (NYSEARCA:SLV) traders. Like gold (NYSEARCA:GLD), the precious metal has been one of the worst performers in the last three months’ thanks largely to the surprising result of the U.S. election. The fact that Donald Trump will enter the Oval Office next year has many, ourselves included, believing that U.S. rates will rise at a rapid clip in 2017. This makes safe haven assets like silver unappealing for traders and in light of this we believe there are greater declines to come over the next 12 months.
A quick look at the chart below reveals silver to be the worst performing safe haven asset in the last three months with a 16.8 percent drop, followed closely by gold and its 13.4 percent drop.
Why are safe haven assets down?
Although we are yet to see a rate rise by the Federal Reserve this year, it appears inevitable that…