Silver Price Analysis
Silver prices reversed on Friday amid high US Treasury yields and a stronger US Dollar. From a technical perspective, Silver is still upward biased, though the formation of a shooting star pattern, can pave the way for a pullback. Even though momentum favors bulls, as depicted by the Relative Strength Index (RSI) with readings between 60-70, its slope aims downwards. It really depends on the geopolitical situation and as always we are at the mercy of the Fed.
Silver Chart
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Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
It's true, being at the mercy of the Fed really sucks. But you are in the green on the investment still!
!BBH
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If what the analysts are saying is true, we could see both metals take off by September
Silver price is increasing, you are going to earn a lot
Heading for that $29 handle.
We getting some positive price action but time will tell how it goes!BBH
@cryptictruth! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bitcoinman. (11/50)
Silver price is really doing well in the market it is just a matter of time before it makes a massive upward trend
After the pump, there must be a retest
YAY!!!
It is a pleasure to see that whenever the prices are increasing in this way, as soon as it comes down a little, then money must be put into it again.
Silver is really performing quite well in the market to actually see
I am so sure that even though it looks like silver is having a bad day, it will bounce back