News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Gold Market Wire... Gold Market Wire... Gold Market Wire
Gold Market Wire... Gold Market Wire... Gold Market Wire
***
Gold Bounces Off 100 Day Moving Average
Gold Bounces Off 100 Day Moving Average
***
London Book-Makers have Trump and Biden at Similar Odds
London Book-Makers have Trump and Biden at Similar Odds
***
Covid-19 Cases Climb as Deaths Dwindle
Covid-19 Cases Climb as Deaths Dwindle
***
First Half 2020 Gold ETF Inflows Hit Record of $40 Billion
First Half 2020 Gold ETF Inflows Hit Record of $40 Billion
***
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our monthly report
Market Info
Feature coming soon.
Thank you for your patience

Gold Market Wire

News, analysis and commentary for gold traders and investors

Silver Market Update

Is Silver Set to Try Again?

June 8, 2020 - (Gold Market Wire) - Silver has had a small pick up since last week's sell off. With Gold just managing to stay above the $1683 horizontal support on Friday's close, the precious metals market is settling down. Is Silver about to try another run? Let's see the chart for the parameters.

the main uptrend and the power downtrend

It took some nimble footwork to miss the downdraft last week, but the action this morning is supportive for Silver. The power downtrend has been surmounted, albeit only intra-day, and the three week uptrend has held. $17.68 is right where we get short-term horizontal resistance, and its an important marker. Let's see what the US opening brings. We could be getting close to a set-up for length.

< Previous articleHome pageNext article >
<- Go Back