Augustus_Lee7

Silver. Will it Break or Reverse?!

TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver has been on the move recently!! Its no secret that silvers price moves relative to gold, but the question I have is... Where would you go next? We are approaching resistance around the 21/22 range and I could see this going one of two ways. Price could either break higher or we could see a reversal which imo would lead to a possible triple bottom. Keep in mind that uncertainty in the market leads to a surge in speculative buying. That mixed with the relatively low price of silver, I wouldn't be surprised at a possible move to the 28 range
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