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Silver Will Likely Ride Gold's Coattails in 2019

From kitco.com

The Comex silver futures market did not fare well in 2018--losing well over $2.00 an ounce. The good news is that silver prices in 2018 dropped down to strong longer-term technical support levels and then saw modest rebounds from those important chart points. In just the past few weeks silver prices have rebounded almost $1.00 from their November lows, which were nearly three-year lows. The daily bar chart for March Comex silver futures shows prices are in an uptrend from the November low, but prices will have to push above near-term chart resistance at the October high of $15.055 to give the bulls enough technical ... (full story)

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  • Category: Technical Analysis