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Silver: Bounces From Trendline
Silver initially fell during the early hours on Thursday, only to turn around and show signs of life as we bounce directly from a trend line. With that being said, I think you've got a situation where as long as we can stay above the $30 level, you would have to be interested in silver, and it could very well bounce pretty significantly from here and not change a whole lot. After all, we've got the 50 day EMA above offering resistance, but it's an area that the market's been attracted to more than once, right around the $31.20 level. If we can break above there, then the market could go looking to the $34 level. On ... (full story)
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- Posted: Nov 29, 2024 7:01am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 103
