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Silver Markets Failed to Hang on to Gains

From fxempire.com

Silver markets have shown themselves to be very choppy as of late, and as a result it looks like we are just simply hovering around the $28 level. The $28 level of course is an area that we have seen a lot of action at previously, and therefore should not be overly surprising to see is just hang out in this general vicinity. That being said, I do not think that the market is ready to make a bigger move, so therefore I would anticipate a lot of sideways chop between the 50 day EMA and the area just above the $28 level. {video} When you look at the overall attitude of the markets in general, I think that the scenario ... (full story)

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  • Category: Technical Analysis