A few quite prominent analysts have bashed the idea that the campaign is behind silver's ascent, saying it was due a breakout. It is true, Silver was due a breakout as was Gold. Platinum has arguably broken out and fallen away. As the chart shows, I think Silver would have been slapped down like the other two (as has happened several times in the last few months)....
Increased industrial usage through innovative technologies like electric vehicles, batteries, solar energy, RFID chips, touch screens, semi conductors and nuclear energy. These are generally forward thinking technology's with increased future usage highly likely. Increased industrial usage often leads to investors hoarding a commodity with the hopes to profit,...
Clear and Simple!
The price is currently trapped between these two trend lines and has the potential to move lower towards an importan psychological level, 15.00. We will be waiting for a breakout of the ascending trendline to enter this trade.
Always keep in mind it is a game of probabilities!
Hidden Bullish Divergence on Silver,
There was a big sell yesterday on Silver but price created a higher low showing strength
As we an see on MACD number of sellers increased but price rested just above the 18 dollar mark .