Commodity Trade Mantra

Posts Tagged ‘Trend for Silver’

Silver Prices in Uptrend or is More Correction Yet to Come?

The Daily trend has flipped higher but the intermediate term trend for silver is yet lower. Hedge funds remain bullish on silver. As long as this recent upside momentum remains intact, this should pose no problem, but as we have seen time & again, any hesitation to move higher, any loss of upside momentum, and this fickle crowd will have to be watched for further long liquidation.

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