Silver Price Prediction: Silver Prices Fall on Thursday
Thursday’s trading session saw a precipitous decline in silver prices, as we continue to observe a great deal of erratic activity.
Thursday’s trading session saw a precipitous decline in silver prices, as we continue to observe a great deal of erratic activity.
Silver has surpassed the $24 mark, indicating renewed strength. Remember that silver is an industrial metal, so this is something to consider.
During Wednesday’s trading session, the $22.50 level has provided support for the silver price.
Initially, silver markets attempted to advance during the trading day, but afterwards handed back gains.
The 200-day exponential moving average (EMA) has been maintained by silver throughout Wednesday’s trading session.
The silver market has declined during Thursday’s trading session to test the 200-day exponential moving average. In this manner, the market appears to be questioning the trend.
On Tuesday, silver initially attempted to advance, but above $22 it has remained extremely resistant to further upward pressure.
Monday’s trading session began with a retracement in the silver market, but the metal’s price has since recovered.
Tuesday’s trading session began with a decline in silver prices, but the market has since shown signs of life again.
The silver market has rebounded this week from the important $18 level, which continues to provide considerable support.