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TFC Commodity Trading Forum

March Silver/Not Out of the Woods *PIC*

March Silver broke below the Nov lows at $31 and has come back to it and stalled. This is now resistance as well as the falling 20ema it bumped up against intraday. Price must clear AND hold above $31 to suggest further price increases. Until then the pattern is bearish. And all momentum oscillators are below their centerlines. The seasonal trend for Silver is very bullish Dec into Feb historically but price is king and Silver must clear $31 and stay above to mean much.

Messages In This Thread

March Silver/Not Out of the Woods *PIC*
Re: March Silver/Update:Breakdown *PIC*