Silver Prices Remain in a Consolidation Mood

Precious Metals

As of yet this year silver prices appear to be range trading at around the $30.00/oz level. Gold prices have been under considerable selling pressure which in turn has tended to cap any rally that silver could muster.

As of yet this year silver prices appear to be range trading at around the $30.00/oz level. Gold prices have been under considerable selling pressure which in turn has tended to cap any rally that silver could muster.

Highlights from market news:

– Price of silver has fallen below 200dma which has become a resistance level for silver

– Occasional signs of a modest, fragile recovery in some parts of the world which may in turn support silver prices

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