On a withdrawal from here, if we break down under 50 days of EMA, then the level of $ 31 is an area that I would pay close attention to. Because it had previously resisted, it should now offer support. Anyway, this is a market that I think you have to keep your position size reasonable, because there are a lot of worries about the global growth senario, and of course, whether rates are in fact set.
That said, Donald Trump yesterday pushed the rates back to Mexico and Canada, which essentially locked. So the question is now, will the market even take it seriously? Because this is the case, I think silver bullish remains. But again, it becomes very volatile because it is not only a precious metal, it is also an industrial one.
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