Silver Forecast: Silver Continues to Kill Time Waiting for Clarity

From dailyforex.com

Silver continues to be very noisy and on Monday had a little bit of an uphill battle anyway because it was Presidents' Day in the United States and that has a major influence on volume and therefore liquidity. We are sitting just below the crucial 50-day EMA. I think that's an area that's worth watching right along with the $80 level. If we can clear the $80 level, then it opens up the possibility of a move to $85, but that's just more of the same and I think that makes a lot of sense because this is a market that just saw a ton of people get wiped out. I shudder to think about the amount of retail and prop firm ... (full story)