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Silver: Threatened by US Dollar Strength

From dailyforex.com

The $60 level in the silver market continues to be important, and as a result, this is an interesting day. Keep in mind, though, Friday will be trading without the Americans on board. Silver has rallied a bit during the early part of the trading session on Thursday, breaking well above the $60 level. The $60 level is an area that a lot of people will be paying close attention to as it is a psychologically important figure. But I also keep an eye on this market because there are a lot of moving crosscurrents at the moment, not the least of which would be the fact that there is a lot of demand for silver and a serious ... (full story)

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  • Category: Technical Analysis