Silver markets fell rather hard during the course of the trading session on Monday to reach down towards the $22 level. The $22 level is an area that has been important more than...
Silver made an attempt to settle below the support at $22.10 but failed to develop sufficient downside momentum.
Technically Gold is bouncing from lower Bollinger band and we can we bullish divergence on 4h GOLD chart, seems like Gold searches for the support.
The price of gold dropped about $50, and that of silver $1.35. The gold-silver ratio rose to its highest level since the end of 2020.
The declining medium-term outlook for gold, silver, and mining stocks will eat away at the honey pot of US dollar bears. Get ready for bee stings.
In this brief video, I discuss the recent action seen in the silver market and how it may move next.
Last | |||||||
|---|---|---|---|---|---|---|---|
| SLV | 20.59 | -0.72% | 24.47M | ||||
| AGQ | 32.37 | -1.25% | 1.21M | ||||
| SIVR | 21.43 | -0.79% | 609.74K | ||||
| ZSL | 31.13 | +1.47% | 280K |
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Neutral | Neutral | Sell | Strong Sell | Neutral |
| Technical Indicators | Strong Buy | Strong Buy | Strong Sell | Strong Sell | Strong Sell |
| Summary | Buy | Buy | Strong Sell | Strong Sell | Sell |