When will I load up on silver again? If price should retest the 200dMA, I will most probably increase my long position in the precious metal. Currently, the rising 200dMA approximates US$36 an ounce.
Tuesday, 20 September 2011
Silver: Momentum could be turning negative.
A lower high on the MACD was formed when silver broke US$44 an ounce in the second half of August. This gave a hint of impending price weakness which we are seeing now. With the MACD on the verge of dipping into negative territory, silver could be in for a rough patch.
When will I load up on silver again? If price should retest the 200dMA, I will most probably increase my long position in the precious metal. Currently, the rising 200dMA approximates US$36 an ounce.
When will I load up on silver again? If price should retest the 200dMA, I will most probably increase my long position in the precious metal. Currently, the rising 200dMA approximates US$36 an ounce.
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