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TFC Commodity Trading Forum

March Silver/ Trying to Hold Support *PIC*

March Silver sold off to $31 price support and is bouncing a bit here. Big test now to see if price can hold $31. The entire precious metal sector has been weak especially Gold that couldn't hold above $1680 and the Gold stock Index:GDX along with other Gold groups broke down badly. So far Silver is holding up somewhat. Seasonals tend to be bullish well into February but that hasn't helped much either. But support is support until it isn't anymore. So far $31 is holding...........................