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Silver: Continues to See Upward Pressure
I believe the silver probably continues to be bullish for a while. However, I want to see a pullback. Closer to the $27 level I will start to scale into a position, but the stop loss just below the $26 level. The target of course is going to be $28.50, but I will do so with a small position.Silver rallied significantly during the course of the trading session on Thursday, breaking above the $27.50 level at one point, only before it turned around to show signs of exhaustion. After all, the silver market remains very volatile, but we got a little bit of economic news during the day that caused a bit of a short-term ... (full story)