Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Makes a Move
March 25, 2022 - (Gold Market Wire) - Silver has made a move above the horizontal line in what appears to be a classic gap higher. If we take the past two weeks as a 'package' we can see that the down move was weak and had no legs to it. That leads us to conclude that the downside has been tried, and the move is finished. We look prepared to move higher.
Our decision to hang in against a falling market has worked. We set our 'rethink' target at $24.00, which worked, because we never got there. All in all we think the bear has gone back to sleep and so we take a bullish stand again. Presently (and with some measure of dismay) there's a lot to be bullish about.