Silver Markets Technical Analysis
Silver has tried to collect a little during the trade session, and at the moment I think what we see is the $ 32.35 level that offers a considerable resistance, an area that I had previously pointed out. So, because that is the case, I think you should be very careful to buy it here. There is an argument that a dip is actually needed in this market, because it shot straight up in the air for a few days, and I will not lie here, I think that is probably what we see.
I don’t know if the Opt trend in gold is over. I don’t know that the upward trend in silver is over, but they both seem very similar today. It is a bit exhausted. So, with that, I think that gold, if it withdraws, probably withdraws this market. But I see silver finding a lot of support in the vicinity of the level of $ 31. As an alternative, if we just get higher from here and break above the level of $ 33, I think Silver is really starting to melt.