Silver Markets Technical Analysis
The silver market has gathered a bit in the early hours on Tuesday, because we continue to see a lot of money flowing in precious metals. The silver market had formed a huge hammer during the previous session on Monday. This is therefore only a continuation of the recovery near the crucial level of $ 33.33. The question is now, can we reach the level of $ 35? I think the answer is yes, but I also think it is a very noisy road to that level. Upstairs there is possible, but in the past we have only done that twice, and that sends silver to the level of $ 50, which would not surprise me at the moment, because this market was driven at the momentum for most days.
In the short term pullbacks, I think, continue to buy opportunities in silver, which is inherently volatile to start with. And you have to stay in mind that silver is not gold, it is also an industrial metal. So if we get good news from the tariff front, that can also help silver. Although I think that is probably one of the more small points.