Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Stretches Out
February 16, 2021 - (Gold Market Wire) - Silver has cleared the trend line and pushed higher to achieve an intra-day high of $27.96. That is a good 'stretch out' which can show us the way to continued upside action. That's about a dollar high-low, in three sessions. Nice, steady progress in an organized rally. The chart shows the progress.
Zooming out, we repeat the medium-term chart perspective, showing the progress:
This is the action we like to see for a nice, solid bullish run: Slow, steady and without the upside spikes. Lastly, the channel - for perspective.