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Silver: Finding Buyers on Dips

From dailyforex.com

Silver has had a fairly volatile session during the day here on Thursday as we initially drifted a bit lower only to turn around and show signs of life. By doing so, this suggests that the market is still finding plenty of buyers underneath. And with that being the case, I suspect this is a buy on the dip market.Keep in mind that silver is not gold. And what I mean by that is it doesn't behave the same way. Ultimately, this is a market that given enough time, I do think challenges the crucial $40 level just above, which of course is a large round psychologically significant figure that in and of itself attracts a lot ... (full story)

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  • Category: Technical Analysis