Silver: Overbought Rally Faces Pause

From dailyforex.com

Silver fell during the trading session on Thursday to show signs of negativity, but this is a market that has gotten so overbought that it does make a certain amount of sense that we would see some type of pullback. Ultimately, this is a market that has gotten so far ahead of itself it makes a certain amount of sense that we would drop. That being said, there are a couple of possibilities that I am looking forward to when it comes to this market. Silver could do one of 2 things from what I see at this point. We could pull back and go looking for support at lower levels, which for me is actually the preferable round, ... (full story)