The silver market initially plunged during the early hours on Thursday to reach the 50-Day EMA, and of course the $26 level. By doing so, the market has found plenty of buyers and therefore we ended up turning around the form a candlestick that suggests that we may end up closing with a bit of a hammer. At this point, silver is doing everything he can to save itself as the market has such market memory in this area that a lot of people will be paying close attention to it. That being said, if the market were to break down below the $26 level on a daily close, that would obviously be a very negative turn of events. ... (full story)