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Silver: Sits on Support

From dailyforex.com

Silver has gone back and forth in the early part of the trading session on Tuesday as we continue to see the $37.50 level offer support. Silver has been very choppy over the last couple of weeks, and I do think that we are in the midst of trying to form some type of consolidation range. Consolidation does make a certain amount of sense, considering that we are in the middle of vacation season, and we also have to keep in mind that the market is probably trying to find another reason to get moving.All things being equal, this is a market that I think remains very bullish, and it does have a lot of support just below, ... (full story)

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  • Category: Technical Analysis