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Silver: Looks Strong Again

From dailyforex.com

Silver had a good day in trading on Thursday, climbing above the $24 level. It looks like buyers are interested in silver, and that's partly because the Federal Reserve made some changes in its plans during the last session. The market is trying to figure out its next move, but I believe silver is on its way up. It wouldn't surprise me if silver reaches the highs we saw some time ago. That being said, the market has seen a massive turnaround from those highs, and I think it will be difficult to get above there. However, I am thinking that we will at least try to get there.If we look below, there's the 50-Day EMA ... (full story)

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  • Category: Technical Analysis