SILVER - ROLLING DAILY

Silver is particularly weak as it is located just above the low recorded two years last week (18.44). 

 

Given the importance of this price level, we expect an increase in the trading volume, as many stop-loss activated, while several short positions closed since reached the great goal of 18.50. 

 

It is possible to show an upward movement (rebound), which could be done for purely technical reasons (close short positions). Equally, there was conflicting strong downward trend that has been created in recent months and we use low last week as a stop for any short-term buying positions. 

 

To have serious hopes rise lasted several days, I think the silver will first need to build a base syssorefsissta current levels and absorb the latest commands stop sale of longer-term buyers.