Silver Markets Technical Analysis
The Silver Market has seen quite a bit of noisy behavior in the early hours on Friday, while we are trying to break over the previous Uptrend line that now behaves as a resistance. It is also worth noting that the level of $ 31 also comes into the picture, and you have to be careful with that. If we can break more than $ 31, it opens a much larger move for silver, and it is worth mentioning that gold looks like it is trying to break out, but silver, as you probably know, is not gold.
Some retail traders seem to think that it is, that the two have to do the same, but they are not, they are completely different markets. That said, the industrial question is a question, interest rates are certainly a question, and a strong US dollar certainly does not help. I think we are still very consolidating at the moment, but that $ 31 level on a daily close to it will be interesting.