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.
The silver market has rebounded this week from the important $18 level, which continues to provide considerable support.
Tuesday’s trading session witnessed a modest rise in silver prices despite the persistence of erratic market activity. Ultimately, I believe this market is trying to determine whether or not $18 is the bottom.