DarrenWells

Misery over for Silver?

FX:XAGUSD   Silver/U.S. Dollar
This isn't a trade set up because I am on the fence with it at the moment, the commodity is at a make or break as it heads towards the $15 support line from 2010; The $15 - $17.50 mark is an important and wildly watched range for the commodity - There may be a bit more of a hit for silver             to take over the week or two but using price action I wouldn't be surprised if silver             started to make gains over the coming weeks due to the dependence on it for our gadgets as well as the ever growing demand for 'free technology'. If it begins to drops significantly below the $15 mark I would then consider a bearish trade down to the $7.50 support line (more on that if it comes to it !).
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