View full page at metalsmine.com

 

Silver Forecast: Silver Confined to key Fibonacci Levels

From dailyfx.com

With the Federal reserve (FED) decision on the horizon, precious metals have soared as uncertainty regarding stimulus measures remains a mystery. As the coronavirus pandemic wreaked havoc in the markets, demand for Gold and its Silver counterpart increased, while the Dollar struggled to stay afloat. Meanwhile, the USD has managed to rebound slightly after a series of positive economic data but with rising US-China trade talks and the upcoming elections, the demand for precious metals has once again soared, with Silver now aiming to break above the psychological number of 30.00. Now, as presidential elections loom, ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis