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Silver Price Analysis – Silver Eyes 50-Day EMA as Yield Headwinds Loom

From fxempire.com

The silver market has rallied a bit during the early part of the trading session on Thursday, as we are well above the $60 level. The jobs number coming out on Thursday, of course, has made this a very strange trading session, as the jobs report was pushed forward due to the Independence Day holiday that will technically be on Saturday, but typically, on Friday, Americans leave the office, and of course, it’ll be a bank holiday. With that being said, this is a market that is rallying and trying to get back towards the 50-day EMA. Evaluating Macro Headwinds and Long-Term Supply Deficits I think this is a situation ... (full story)

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  • Category: Technical Analysis