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.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/602b7efe1cbbec35ca642c1d_Screen%20Shot%202021-02-16%20at%209.04.32%20AM.png)
Zooming out, we repeat the medium-term chart perspective, showing the progress:
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/602b7fa522d3ff6e2f67f3fa_Screen%20Shot%202021-02-16%20at%209.05.39%20AM.png)
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.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/602b80c11feb4a23aa2e449e_Screen%20Shot%202021-02-16%20at%209.21.06%20AM.png)