Silver is trading close to 3% up in today's trading session. It went from 13.92 to 14.37, 2.53% upward movement. Along with Gold, Silver is the biggest winner in today's session.
It's too early to say whether uptrend is officially the new thing, but according to the daily chart, Silver will see further gains if it manages to pull through the resistance it currently is in.
Second resistance remains 14.60, third resistance remains 14.90.
Chart: XAG/USD D1
14.37 proved to be too strong a resistance and it bounced off of it.
ReplyDeleteGreat analysis,you got it.
ReplyDeleteThank you for the analysis, very useful!
ReplyDeleteExcellent analysis.
ReplyDelete