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Silver Forecast: Drops Despite Rates Doing the Same
Silver tried to recover after initially gapping lower during the trading session on Thursday, with the $70 level offering a bit of a barrier. Ultimately, we are hanging around the 200-day EMA and dropping from here, as we look soft at this point in time. What I find interesting is that interest rates are falling at the same time silver is falling. So, this is a little bit of a dichotomy from what we saw. All things being equal, it looks like silver probably tries to run down to the $60 level, which is the bottom of the overall consolidation region. With this, I believe we have a market that is worth watching very ... (full story)
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- Jun 19, 7:26am | 3 hr ago Posted byTechnical Analysis40
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