Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver's Channel Coming into Play?
August 17, 2020 - (Gold Market Wire) - Some food for thought before we start the trading week on the East Coast: one chart, describing the channel of Silver - with a zoom in to see our recent point of hesitancy. It will be an interesting day for the Precious Metals out of the States, and the chart demands attention.
And the same chart zoomed in. It is interesting where we have run to and stopped on the opening. Our outlook to take money off the table for trading positions established at the "Tree Shakers Ball" could have found its lightening up zone. Those who had the foresight to buy when the hysteria was ripe on the vine may find this move up to provide their moment for taking money off the table that we sought on Friday.