Silver futures have not shown a reversal top and are holding above $29. Silver is within a support zone of $28 to $30, with potential for a bounce off the uptrend line. The price is back above $30.30, indicating a positive trend.
The sub $29 #silver sale didn't last long. The price is now back above $30.30. But that's still a great price. Remember silver traded as high as $50 in 2011 and in 1980. Soon $50 will be the floor on silver, not the ceiling. Buy some today at https://t.co/uUW4xWi68z
Silver has had every excuse to break down below the 50D and show material weakness. But it hasn’t. Instead, it’s coiling at the 50D after a HEALTHY 12% pullback. Long-term trend well in tact. Just got a feeling that things could get explosive from here. #silver
Silver $SLV finding support right at the 50D moving average https://t.co/in47z5G42c
Silver is still within its $28 to $30 support zone but the sell-off appears to have exhausted itself and it may be ready to bounce off the uptrend line that began in late-February. $SLV #silversqueeze https://t.co/Xc5Ea9TTkJ
June 9-Silver futures did not have a reversal top. Silver did not fail the 50-DMA. Silver has returned to major support above $29.00 Silver looks compelling this week if holds above $29.50. https://t.co/Pxjld8ZZNA