Silver Holding Steady After Big Gain Yesterday

iNVEZZ.com reported that yesterday silver recorded its largest single-day gain in nearly two weeks. Since then, the white metal “has been holdings its gains” amidst Ukraine-related tension.

As quoted in the market news:

On the New York Mercantile Exchange (NYMEX), silver futures for September settlement were up more than five cents a troy ounce to $20.08 as of 06:56 BST. They climbed 1.2 percent yesterday – their biggest daily increase since July 25 – to close at $20.02, above their 100-day simple moving average (SMA). The price’s 50-day SMA climbed above the 200-day SMA, in what is known as a ‘golden cross’, which is interpreted as a bullish signal by some technical analysts. Silver’s 14-day relative-strength index stood at 40.10, below its neutral level of 50. Should silver finish higher today, it would be its longest winning streak since the three days ended July 2.

Click here to read the full iNVEZZ.com report.