Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Tweaking the Trendline
September 10, 2021 - (Gold Market Wire) - Our trend line in Silver, with us for more than a fortnight, has been negated - if only slightly. Now we must re-cast the line to see how the market fares.
We can see that the tail from the low point has fallen into focus. Actually this makes a bit more sense than the previous trend line. Was our previous trend really a minor power uptrend? Possibly, upon reflection, but the new trend line is only marginally different. Still, we are not complacent. We really want to see the line hold going into the close today. Any kind of failure should prompt us to cut the trading position. Our 're-load' of length is slightly in the money which is fine, but the market needs to show mettle - today. The pressure is on, and the New York opening will be critical. We're still in a positive frame of mind - but this market needs to get a move on and prove it can rally.