Silver markets initially pulled back during the trading session on
Wednesday but continues to find the 50 day EMA as a bit of support. At
the $26 level above, there should be a certain amount of resistance, but
if we can break above there it is likely that we continue to go higher,
perhaps reaching towards the $28 level. Silver of course is highly
sensitive to what is going on with the US dollar, so make sure you pay
attention to the US Dollar Index. The US dollar has been oversold for a
while, and that is part of what we have seen as of late, right along
with 10 year notes rising as far as yield is concerned. That had people
buying the greenback, which works against the value of silver, however
temporarily.To get more news about [url=https://www.wikifx.com/]WikiFX[/url], you can visit wikifx official website.

　　SILVER

　　All things being equal, we are still in some type of bottoming
pattern, and it is likely that we are going to continue to go higher,
perhaps reaching towards the $20 level before trying to get to the $30
level. To the downside, the $23 level is roughly where the 200 day EMA
is, and I think we would find buyers in that general vicinity trying to
lift this market higher as well. Either way, I have no interest in
shorting silver, at least not at the moment. Quite frankly, if you are
shorting precious metals, you are simply buying the US dollar so there
is no need to do both. The reflation trade should continue to push
metals higher, including the silver market which has a certain amount of
an industrial use case.