Silver is Still Looking to Find its Direction
From dailyforex.com
The silver market continues to be very noisy, as we are looking to figure out whether or not the markets can turn things around. Silver has pulled back a bit during the trading session here on Tuesday as we continue to hang around the 50-day EMA. Keep in mind that silver was just bludgeoned half to death on one specific candlestick a couple of Fridays ago and that's not the kind of thing that a market bounces back from easily. With that being the case, I think you have to be very cautious here and I would anticipate more trouble, not less. As you can see from the chart, I have an area between $70 and $90 marked as a ...
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