Silver Markets Technical Analysis
The silver market has been quite negative in the early hours on Thursday, because we continue to see a lot of noisy behavior around the 50-day EMA. At the moment the $ 30 level has offered a little support in the short term, but I think, given enough time, we can also break down very well.
To be honest, Silver has left behind gold, as you would expect, because there are many questions when it comes to economic strength and the silver market is of course an industrial metal. At the same time, interest rates in the United States have been somewhat high and that continues to work against the silver market. We have continued to fail on the previous Uptrend line, which now offers resistance, so that’s why I think you have a market where you see a lot of jerky behavior, but I think this has already said this, pay attention to the level of $ 28 , 75 and the level of $ 31.