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Silver: Tries to Find Buyers

From dailyforex.com

Silver rallied slightly during the early hours on Wednesday as we continue to see a lot of volatility in this market. Quite frankly, the silver market is extraordinarily volatile under the best of circumstances, so you do need to be very cautious anytime you get into it. Position sizing will be crucial as long as we have so much uncertainty, and I think uncertainty is going to be a main feature of this market more than anything else.All that being said, the market is likely to continue to look at the momentum as the main driver, and the fact that we have broken above the crucial $30 level previously does suggest that ... (full story)

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  • Category: Technical Analysis