Daily Silver News: July 1 – Silver Keeps Extending a Consolidation

From silverpriceforecast.com

Silver price is still going sideways, remaining below the $30 level. The silver futures contract gained 1.04% on Friday, June 28, as it extended a rebound from the last Tuesday’s local low of $28.86. Last Tuesday, the market broke the recent lows following the previous Friday’s sell-off of almost 4%, gold’s reversal. Recently, it was gradually declining from the May 20 new medium-term high of $32.75. Today, silver is basically going sideways, as we can see on the daily chart (the chart includes today’s intraday data): chart The silver price is 0.1% lower, as it is trading along the $29.50 level. What about ... (full story)