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Silver: Volatile Moves Continue

From dailyforex.com

Short-term pullbacks offer buying opportunities, and so far, the $70 level does look like it is offering a bit of support. The silver market has gone back and forth during the trading session here on Wednesday in what would have been somewhat thin trading, as it was Christmas Eve. Most traders are probably away from their desks, and we have Christmas coming up on Thursday, so the markets will be shut down. Friday will be shortened, so I think a lot is going on here.The first thing is that the market is far too overbought. Unfortunately, I could have said that two weeks ago, so here we are. With that being said, we ... (full story)

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  • Category: Technical Analysis