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Silver: Keeps Up Volatility
Silver has fallen pretty significantly during the trading session on Thursday but has turned around to show signs of life. The 50 day EMA is an indicator that has captured quite a bit of attention, and it's worth noting that initially we shot higher with the weaker than anticipated PPI numbers coming out of the United States but have since turned around. This suggests that perhaps we are going to be stuck in somewhat of a consolidation phase. Underneath I see the $28.50 level as a potential support level. After all, it was an area that previously was significant resistance.So, with that being said, a little bit of ... (full story)