Silver has surpassed the $24 mark, indicating renewed strength. Remember that silver is an industrial metal, so this is something to consider.
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.