Silver: Rallies to Test Major Area | Metals Mine

  • Silver: Rallies to Test Major Area

    From dailyforex.com

    I review silver’s sharp rally above $50, highlighting key resistance near $51.50 as the next major test. While momentum looks strong, a failure here could mark a lower high and trigger a deeper pullback toward $46 or even $42.Silver has exploded to the upside during the trading session here on Monday, breaking above the $50 level. It will be interesting to see how this plays out because we are in an area that I think is crucial. If we can break above the $51.50 level, then we will probably continue much higher. That being said, it’s worth noting that we are getting fairly close to that area that caused so many ... (full story)

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