Investors Must be “Nimble” to Make Silver Market Gains

iNVEZZ.com reported that silver rose Monday after facing declines the previous two sessions. However, the metal still remains fairly rangebound; IG analyst Chris Beauchamp believes that means investors “need to stay nimble.”

As quoted in the market news:

Silver for immediate delivery was 0.95 percent up, or 16 cents, to $17.41 as of 08:39 BST, and was trading over ten percent below its 100-day simple moving average of $19.39. It fell nearly 0.7 percent last week.

The price of silver for December delivery rose five cents, or nearly 0.3 percent, to $17.38 as of 07:25 BST, on the COMEX in New York. Futures shed 10.6 cents, or 0.61 percent on Friday to close the session at $17.33 per troy ounce, declining 0.5 percent on a weekly basis.

Click here to read the full iNVEZZ.com report.