Commodity Trade Mantra

Posts Tagged ‘Silver COTs’

Signs That The Silver Bull Market Is Consolidating

The bear market phase in silver from 2011 has definitely ended. However, it has risen quite sharply in recent months to arrive at a zone of significant resistance, so it is quite normal for it to consolidate or react back here, before later breaking above this resistance and continuing higher. A reasonable objective for a correction is the support level seen at $18.

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