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Silver Remains Under Pressure as Dollar Strength and Rates Continue to Weigh

From dailyforex.com

Silver no longer looks as stable as it did late last week, and that change may carry more weight than the move itself first suggests. What looked like a hesitant pause near a major round number has started to resemble a market that is struggling to keep buyers engaged. That matters because the $60 area was not just another price marker. It had become a psychological reference point in a market already caught between competing forces. When a market loses its footing near a level that many participants are watching, the more important question is often not how far it has moved, but what the loss of confidence might ... (full story)

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  • Category: Technical Analysis