Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Continues its Surge Higher
July 22, 2020 - (Gold Market Wire) - Silver is continuing its powerful surge to ever higher prices after a decent price drop today was quickly bought.
When you look at the draw back today the buying point was fairly clear to see, but the question becomes, can it hold? That turns such pullbacks into the day trading arena, which means you need a steady hand on the trigger finger. The 30 minute chart shows just the problem: a nice draw down for a buying opportunity followed buy a very strong rally that needed impeccable timing to get out of. The solution? Don't get too greedy when day trading.
and just a few minutes later (on a 15-minute chart)...