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Silver Investing News reports silver prices remained the same since last week’s gain. As investors seek the shelter of gold, silver also benefits as it, too, is seen as a safe haven asset. This renewed interest is pushing silver out of its slump. IBT Commodities and Futures believes “silver is gathering enough momentum to breach …
Silver Investing News reports silver prices remained the same since last week’s gain.
As investors seek the shelter of gold, silver also benefits as it, too, is seen as a safe haven asset. This renewed interest is pushing silver out of its slump. IBT Commodities and Futures believes “silver is gathering enough momentum to breach the critical resistance around 14.70-14.85 areas.” As long as the $13.90 resistance level remains intact the intraday incline is expected to continue with a trading range for Monday between the key support at $13.50 and key resistance at $15.00. For now, the general trend is to the upside with a target of $16.50 as long as support at $12.00 holds.
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Commodities | |||
---|---|---|---|
Gold | 2328.39 | +12.09 | |
Silver | 27.43 | +0.25 | |
Copper | 4.57 | +0.08 | |
Oil | 82.96 | +0.15 | |
Heating Oil | 2.58 | +0.02 | |
Natural Gas | 1.66 | +0.01 |
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