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Silver Continues to See Buyers on Dips Near $80

From dailyforex.com

Silver has found buyers on the latest dip for Monday, as we continue to see a lot of interest. Silver initially fell during the trading session but has seen a little bit of support just below the $80 level. The $80 level of course is a large, round, psychologically significant figure and an area that I think a lot of people will be watching very closely. The fact that we have fallen through the 50-day EMA, and the $80 level does suggest that perhaps we are in fact starting to see a little bit of hesitation. But the bounce that we saw during the trading session on Monday could in general turn this thing around by ... (full story)

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  • Category: Technical Analysis