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Silver Still Looks Heavy Near Key Support

From dailyforex.com

Silver is trying to stabilize, but this is still the kind of market that feels heavy every time it rallies. Buyers are trying to establish a foothold, yet the broader tone remains pressured as the US dollar stays firm and traders continue to think in terms of higher rates in the United States. That is the real tension here. Precious metals can attract attention when the broader world looks unstable, but Silver has not been behaving like a market ready to break free of the pressure coming from a stronger dollar and rate expectations. For now, that leaves support in focus without changing the bigger tone. The broader ... (full story)

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  • Category: Technical Analysis