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Silver Forecast: Silver Struggles on Monday in Continuation of the Plunge Last Week
Silver continues to see a lot of noisy behavior as the market initially tried to recover on Monday after plunging right at the open. That being said, we have seen the sellers come back into the silver market and it now is simply hanging around the 50-day EMA. The 50-day EMA sits just below the $80 level, and this suggests to me that we have a lot of questions out there as to whether or not the silver market can continue the behavior that it has seen. The horrific candlestick from Friday is clearly something that will scar the market for quite some time, as we had at one point almost hit $120 and closing just below ... (full story)
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