www.futureshound.com
Brokers
December Silver Could See Rally to 17.15
Rate This Article:
0

Today's bullish U.S. Third Quarter GDP Report is once again creating demand for higher yielding assets like December Silver.

Although the main trend is down, traders may try to drive December Silver back to 50% of the 18.17 to 16.12 break.  This makes 17.15 the next likely upside target.

With the main trend down, watch for profit-taking or new shorts to come in at this level. The strength of the Dollar at the time this area is being tested will determine whether this market will weaken or rally to the next retracement point at 17.39.

Post A Comment
* Indicates required information
Comment Title:
* Comments:
Nickname:
* Validation:
Comments 0 comments for this article
Newsletters
Register to receive the latest expert analysis, news and education:
Email: