
Price Prediction for Silver – Silver Continues to Consolidate at High Levels
Silver has retreated somewhat during Wednesday’s trading session, as the price continues to hover around $24.
Silver has retreated somewhat during Wednesday’s trading session, as the price continues to hover around $24.
During Wednesday’s trading session, the price of natural gas plummeted by about 15%.
It appears that the 50-day exponential moving average will act as a barrier for crude oil markets throughout Wednesday’s trading session.
The gold markets have declined slightly during Wednesday’s trading session, as we have seen more of the same, but the market is seeking direction.
Tuesday’s trading session witnessed a modest rally in gold markets, which continue to grind along in a channel.
Natural gas markets have gapped higher to begin trading on Tuesday, but have since declined to close the gap. Now the real world has arrived.
During Tuesday’s trading session, crude oil markets moved relatively little as liquidity became an issue.
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, natural gas prices rebounded somewhat near support as we continue to oscillate within a significant range.
Crude oil markets originally fell during Wednesday’s trading session, but as you can see, we have since shown signs of life again.