Silver: Looking for the Buyers Again

Silver: Looking for the Buyers Again

From dailyforex.com

Silver experienced a turbulent day on Thursday as uncertainty loomed over its upward trajectory and the possibility of the recent rally coming to an end. The recent steep decline in silver prices has been undeniably harsh and appears to have been excessively severe. Should we manage to achieve a daily closing price surpassing the $24 mark, I believe there is a chance for a gradual recovery towards the $25.50 range over a significant time frame. Conversely, if we witness a breakdown below the lower boundary of Thursday's trading session candlestick, it opens up the potential for a descent towards the 50-Day EMA. In ... (full story)

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