-
Silver: Dips, Eyeing Breakout
Silver pulled back a bit during the course of the trading session on Monday, as we have possibly formed a bit of a double top. That being said, the $32.50 level is an area that looks like it's going to be a very difficult barrier to break above. I think we were a little overdone anyway, so I think this pullback will be good for silver, and I think it does offer a bit of support and value.The 50 day EMA is racing towards the $30 level. And of course, the main driver of the CFD that you see in front of you is going to be the futures market. Therefore, futures markets pay quite a bit of attention to the options markets. ... (full story)
- Comments
- Subscribe
-
- Older Stories
From mining-technology.com|Oct 1, 2024Magnetic Resources has secured firm commitments to raise A$10m ($6.92m) in a placement to sophisticated and institutional investors to aid commercialisation of its Lady Julie Gold ...
From msn.com|Oct 1, 2024China’s real-estate bust left behind tens of millions of empty housing units. Now that historic glut of unoccupied property is colliding with China’s shrinking population, leaving ...
From sprott.com|Oct 1, 2024video 2024 has been an exciting year thus far for precious metals and critical materials. Silver has established a strong base price and gold is striving for important breakout ...
-
- Newer Stories
From cnbc.com|Oct 1, 2024Euro zone inflation fell to 1.8% in September, coming in below the European Central Bank’s 2% target, flash data from statistics agency Eurostat showed Tuesday. The reading was in ...
From gold.org|Oct 1, 2024Geopolitical risks spiked again recently (Chart 1). Ukraine's cross-border attack in early August, followed by Russia's largest air assault since the war began, has escalated the ...
From kitco.com|Oct 1, 2024Markets finished the last day of the third quarter on a down note, with stocks, cryptos, and precious metals all recording losses on Monday. In the absence of significant data ...
- Story Stats
- Posted: Oct 1, 2024 6:53am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 103
