Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Opening
May 29, 2020 - (Gold Market Wire) - Silver continues to push against the downtrend in the European a.m., looking to vault the line.
The same chart, with a wider perspective:
We're not there yet. Silver keeps bouncing off the line. The end of month, today, is going to be important for the tempo going in to June. Silver wants to break through, but we must be patient. In precious metals trading that patience is a true virtue. If you tried to anticipate in the past few weeks, you are likely to be underwater. Don't get ahead of the market. Let it come to you.
Lastly, the intersection with the uptrend shows that we are reaching the showdown point.