Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Makes a Statement
November 10, 2022 - (Gold Market Wire) - Silver has impressed lately, but the challenge to hold those gains is now the topic at hand.
There can be little doubt now that $18.00 has formed a major bottom. Breeching it will be the signal for a big move lower. On the upside of the market, Silver has taken out the down trend and now needs to consolidate the move. So far, so good.
A decent move lower that doesn't slip back into the downtrend line (creating the dreaded 'outside move') could be the signal for small length. We're still on the sidelines for now.