Near-Term Resistance Level Approaching In Silver
the $33 area should serve as some sort of near term resistance. stochstics and RSI are just now coming out of oversold levels and could indicate silver will bounce much harder.
Watch The Close In Silver Today, Important
After a huge spike in the futures overnight…they were up as much as 8ish%…it almost touched the psychcologically important $50 area ($49.80) to be exact. That was the absolute high however so far today and for the time being at least it looks like silver futures might leave a huge tail today (candlestick with long […]
Silver Leaving Behind An Ugly Bar And Volume
Just a quick reiteration of my earlier post on silver. Now on the close we are left with a pretty ugly looking candlestick bar on big volume. I'm definitely not saying it's a top here, but it is worth noting and I remain short overnight.
A Look At Silver After Last Night’s Crash
Last night silver futures fell as low as $42.20, about a 10% sell-off. As of this writing the futures have rallied back up above the $45 mark, but still down over 6% on the day. See the intraday chart. On the daily chart note the uptrend measured from the end of January is still in […]