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Silver Is Still Rising Longer-Term

From dailyforex.com

The early hours of Monday's trading session saw some negative movement in silver as we continue to move in what appears to be a fairly well-defined consolidation region. I think this will continue to be the main driver of silver over the next several weeks, as the area is so obvious for both short-term and longer-term traders in general. I'm looking at the silver market, and it is clearly very negative early in Monday's trading day, but to be honest, not much is happening to move the markets in any one direction. Having said that, it is quite likely that we will stay in the same range, with the $22 level acting as a ... (full story)

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  • Category: Technical Analysis