Silver: Choppy Trade Holds as Bulls Target $39 | Metals Mine

  • Silver: Choppy Trade Holds as Bulls Target $39

    From dailyforex.com

    The silver has gone back and forth during the trading session here on Monday. As we continue to see the markets hang about this same range that we've been in for a couple of weeks, the $37.50 level underneath is going to remain support. If we break down there, we could see a move down to the 50 day EMA. With that, I think you see even more support and anything below there. Then while I don't necessarily want to get short of the market, I'd be a little bit more hesitant to get involved. If we break to the upside, the $39 level is a major target and of course barrier as it's offered pretty significant resistance. With ... (full story)

Comment Options
  • Story Stats

  • Related Stories