Friday 14 March 2014

Silver Friday 14th March 2014

Silver made a high of 21.44 yesterday and a low of 21.08 closing at 21.16.

There was not much movement on Silver yesterday compared to Gold which is a bit of concern as Gold is being bought as "safe haven" whereas Silver is not. As the price is not moving on Silver as much as it is in Gold, there is concern for me that one of the "main" reasons Gold keeps making higher highs recently is due to news more than any other factors.

Silver did make a new high yesterday from Wednesday however not much else has changed.

20.5 still strong support with 22.16 still as my first target.

I am still long in Silver and holding my trades.


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