SI - testing 40dma & 200dma
Silver broke back above the down trend line that it fell below in early may.
It is now testing the 40dma and 200dma as of me writing this. I would buy this on a pullback. Areas of resistance afterwards are: $15, $15.35, $16.40.
It is now testing the 40dma and 200dma as of me writing this. I would buy this on a pullback. Areas of resistance afterwards are: $15, $15.35, $16.40.
There is volume to support this break out, though it is struggling around the $15 level. Still in wait and see mode on how it reacts to $15