On Thursday, silver fails to find acceptance above its 100-day simple moving average and moves lower. Breaking below the 38.2% Fibonacci retracement level should pave the way for more intraday losses. A persistent move above the $19.55-60 confluence will be interpreted as a bullish trigger.
Written by: Winona Grant
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The silver market opened Wednesday’s trading session with a gap to the downside and is currently trading slightly over the $19 level.
Written by: Winona Grant
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Initially, the silver market attempted to advance, but encountered resistance at the key downtrend line.
Written by: Winona Grant
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The silver market has fluctuated during Thursday’s trading session as the downtrend line continues to be respected.
Written by: Winona Grant
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During Tuesday’s trading session, silver prices retreated somewhat as the US dollar gained momentum.
Written by: Winona Grant
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We are well below the $18.00 barrier as the price of silver continues to tumble significantly during Thursday’s session. The market has broken through the key support level.
Written by: Winona Grant
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During Tuesday’s trading session, silver prices have moved a tad lower but continue to find some support underneath.
Written by: Winona Grant
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After falling sharply on Monday, silver prices have rebounded somewhat, but frankly, we are at such lows that this is hardly surprising. Now, the question is whether $18 will hold.
Written by: Winona Grant
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The silver market has been quite turbulent throughout Thursday’s trading session, as markets have no notion what to do.
Written by: Winona Grant
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