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Silver Continues to See Overhead Pressure
I don't think this is a market that will be easy to deal with in the short term. The silver market has been noisy over the last several weeks and negative during the Wednesday trading session. I think you have a situation here where the $90 level continues to be very important and until we can break above there cleanly, then I don't think there's any real hope of the longer-term uptrend continuing. In fact, I'm starting to have thoughts that maybe silver is in the midst of trying to find its norm. If that's the case, we may see a lot of sideways action and compressed volatility eventually, but right now I think ... (full story)
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