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Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Pulls Back - And Runs Up Again.
November 12. 2021 - (Gold Market Wire) - A classic picture of a bull in full flow, and the way to trade it. We hit the top of the channel, we pulled back to touch the power uptrend and, then, we charged again. Sell, Reload, Run.
This was the chart at 9:35 a.m. New York Time. We marked out the channel in the previous post, so you can see how we crept right up to it and the pulled back. Our sell was right on target and our pullback, true to form. Three hours later - here we are:
If anything, the failure to penetrate the power uptrend on the pullback shows you just how well bid this market is.
It's like 'ol times.