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Silver Continues to Shine

Silver Continues to Shine

Thomas Long, Course Instructor

The silver market continues to attract buyers as this daily chart shows. Traders seem to be more interested in silver than gold which most likely reflects the preference of the retail trader. The high price of gold may have forced some out of that market and into silver. This market remains in a strong uptrend which means to look for buying opportunities. I would maintain that bullish bias as long as the market stays above the 26.36 low noted on the chart.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.