Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Makes A Move
April 8, 2021 - (Gold Market Wire) - Positive developments for Silver and Gold as the market breaks free from the downtrend (although not on a close yet) and look ready to challenge the 100-day moving average. All positive developments from the bulls and indications that lead one to think that our end of March action really was a reversal. The pressure is mounting to the upside, and we have the 100-day mov. average and our new horizontal resistance as some of the last challenges to meet to get the feeling of a true upside move in hand.
Friday is going to be an interesting close, and a strong market, if we get it, should be bought for the trading book. If we clear resistance into the close tomorrow, the discipline maintains that we shall be getting long.