Last week silver posted a remarkable high volume on 18 Jan. according to CME recorded a 108,632 contract on that day, equal to 543M ounces of silver, which is equivalent to 1/2 year of mine production in the world.
With a large volume that day, silver is tough to go below 22.
Silver is looking for challenge 50 in the coming months on the monthly chart. If silver breaks above 50, which is the top of 1980 and 2011, the next measured target will be 100.
With a large volume that day, silver is tough to go below 22.
Silver is looking for challenge 50 in the coming months on the monthly chart. If silver breaks above 50, which is the top of 1980 and 2011, the next measured target will be 100.