Silver: Extends Rally Toward $39 as Dollar Weakens

Silver: Extends Rally Toward $39 as Dollar Weakens

From dailyforex.com

Silver has rallied quite nicely during the Wednesday trading session as we continue to see the US dollar struggle just a bit. Ultimately, this is a market that given enough time will probably try to get to higher levels, with the first area of interest as far as I can see being the $39 level as it is a large, round, psychologically significant figure. Beyond that, I would be looking at the crucial $40 level, an area that obviously is a large, round, psychologically significant figure, and an area that previously had offered a massive amount of resistance. Underneath, I see the $37.50 level as potential support, and ... (full story)

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