PutCapital
Long

Silver continues to push higher

FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver markets rallied again during trading on wednesday reaching above the $17 dollar level during the U.S. market session. There is fear in the markets at the moment with three (3) Asian central banks cutting interest rates overnight (New Zealand, India and Thailand) which suggests this is a coordinated move. The global economy is certainly slowing down, suggesting we could be entering in to another global financial crisis and the safe haven for investors is precious metals and more recently - Bitcoin . We are already in a retracement from the latest high which has bounced from the 38% fib retracement zone. Price should now push up once more and our target is around the 17.60 level

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out