Silver closed higher on Tuesday and above the 10-day moving average crossing signalling that a short-term low is in or is near. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If it renews the decline off June's high, June's low crossing is the next downside target.
Join the Discussion