View full page at metalsmine.com

 

Silver: Continues to See Buyers

From dailyforex.com

Silver has shot straight up in the air during the trading session here on Thursday as we have reached and breached the $45 level. We have given it back quite a bit and I think this is to be somewhat expected due to the fact that we shot all the way to the $45 level rather quickly. And of course we are a little extended. That being said, we had previously been in a bullish flag, and broken out of it, came back to test the top of it for support, found it to be supportive, and then took off to the upside. The measured move of the bullish flag is for the silver market to go look into the $46 level.There's really nothing ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis