Earlier in the year it seemed $15 was support for silver. After a decisive break below $15, now a recovery and $15 appears to be resistance. Isn't that what some texts say to expect?
Good to read you pj. I never trade metals since weather doesn't have an effect but here's some interesting price charts. That $15 you mentioned looks like a big deal on the 10 year chart at the bottom.
We held some mega important support and show strong signs of a bottom but I have no clues about fundamentals. We could just be bouncing off support and this is a bear flag.
We welcome more comments from those that trade or know more about silver.
I bought a mini silver contract a few days ago. First time ever. Know nothing about it except it is going higher :)
Along with corn ....
Silver is acting weaker than gold and I guess that makes sense in a weak economy.
Hard to make the bull case for silver.