Loading ...”
Silver meanwhile has almost made a full recovery of the near 10% correction which hit it back in early March. This has been somewhat surprising given the recent lacklustre performance among industrial metals, to which silver partly belongs. Silver breaking the February high at $18.50/oz or the JPY rallying further is potentially two of the drivers which could see gold make it through resistance.
Silver has spent the past five days bouncing off support at its 200-day moving average at $18.07/oz. A break above $18.50/oz could see it target $19/oz, the 61.8% retracement of the July to December selloff.”
Comment: Seems things are lining up for the PM’s. April could prove to be a huge WIN. But then Buygold keeps whispering in my ear, ” Hope is not a strategy.” 🙂