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Silver Retracts, Falls Below 18.00

From livetradingnews.com

Silver has started the week with slight losses, erasing most of the gains seen on Friday. Currently, silver is trading at $17.95, down $0.14 or 0.81% on the day. Silver Retracts, Falls Below 18.00 Last week’s dramatic events in the Middle East triggered sharp volatility in silver prices. On Wednesday, silver prices climbed 4.3 percent after Iran launched missile attacks on two U.S. military bases in Iraq. However, the Iranian attack appeared calculated to avoid U.S. casualties and caused minimal damage. Investors took this as a signal that Iran was ready to de-escalate the situation, after saving face with an attack ... (full story)

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  • Category: Technical Analysis