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Silver Drops Below Support Level
The silver market has broken below the $60 level, an area that we have been watching very closely for signs of life. The silver market has broken below the $60 level, a large, round, psychologically significant figure that I think will remain fairly important. The question is, can we continue to drop from here? There is a little bit of leeway down to about $57.50, and if we break through there, then I think the trap door opens. That sends the market down to the $50 next. That being said, it's worth noting that the inverse correlation between rates and the silver market has broken down a bit, with rates dropping no ... (full story)
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- Jun 25, 4:55am | 16 hr ago Posted byTechnical Analysis62
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