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Silver: Buyers on Dips
The silver market went back and forth during the course of the trading session on Monday reaching towards the $35.50 level before bouncing quite significantly. All things being equal, the market has shown quite a bit of resiliency here. And I think that is something that you need to keep in the back of your mind. Ultimately, I do think that we could go looking at the $37.50 level. And if we can break above there, then the market is likely to continue going towards the $40 region if we break down below the $35 level itself, then we will more likely than not break down below the 50 day EMA and Go plunging perhaps down ... (full story)