Price Prediction for Silver – Silver Continues to Experience Noise Just Above
Silver has gapped higher during Monday’s trading session, as we continue to observe a great deal of erratic behavior in general after a tremendous increase.
Silver has gapped higher during Monday’s trading session, as we continue to observe a great deal of erratic behavior in general after a tremendous increase.
Silver has risen substantially over the past week, easily surpassing the $21.50 threshold.
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.
The silver market fluctuated during Thursday’s trading session, as we desperately cling to the level of support.
On Thursday, the silver market gapped to start the day before surging to new heights in response to the dismal US GDP figure.