Silver Weekly Price Analysis – Silver Looking to Bounce Back | Metals Mine

  • Silver Weekly Price Analysis – Silver Looking to Bounce Back

    From fxempire.com

    The silver market has dropped a bit during the course of the trading week, only to bounce at the 50-week EMA. Ultimately, this is a market that I think is in the midst of trying to find its floor, and it’s probably worth noting that interest rates have been drifting a little bit lower, so the question is, will we see the interest rate markets drive silver back to the upside? We’ll just have to wait and see. It does seem like the correlation between lower rates and higher silver is starting to break down by itself. Technical Analysis and Support Levels But when I look at the technical analysis, I can clearly see ... (full story)

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