Silver Continues to Struggle with Choppiness | Metals Mine

  • Silver Continues to Struggle with Choppiness

    From dailyforex.com

    The silver market continues to see a lot of noise, as the risk appetite continues to see a lot of wild swings. In this environment, expect a lot of volatile moves. The silver market was very noisy during the trading session on Thursday as we continued to see a lot of volatility. The $90 above is I think a ceiling at the moment, and it is worth noting that silver is not necessarily a safety asset. If we were to break above the $90 level, then it opens up the possibility of a move to the $95 level, possibly even the $100 level. Short-term pullbacks I think still offer support near the 50-day EMA and the $80 level. I do ... (full story)

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