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Silver Investing News reports silver price has been above $9/oz level and holding on. In order to maintain a “bullish zone”, silver must hold $9.55/oz. According to Karnani, $9.85/oz and $10.55/oz are the key intra day resistance levels. Silver’s “downside will be limited this week” if prices can hold above $8.80/oz. Although the term “bull” is …
Silver Investing News reports silver price has been above $9/oz level and holding on.
In order to maintain a “bullish zone”, silver must hold $9.55/oz. According to Karnani, $9.85/oz and $10.55/oz are the key intra day resistance levels. Silver’s “downside will be limited this week” if prices can hold above $8.80/oz.
Although the term “bull” is still being thrown around by precious metals analysts, it is understandable that many investors find it hard to remain positive. But keep in mind the fundamentals for a strong comeback are still in place. The reasons why the silver price has fallen drastically from the highs it once boasted are many, but a trend reversal is still in the works.
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