The silver market received a blow yesterday but has since recovered.
Yesterday was also a volatile session for gold as well, after the false breakthrough over the $1,875 resistance line that was quickly reversed, and the gold closed with dojis.
Silver jumped to its highest level since Tuesday, February 2, before turning from $ 28.73. The bearish silver pin bar from Tuesday was confirmed with a sale yesterday at 27.36.
Still, silver remains in the range of the bullish channel, but it remains to be seen how its volatility may factor new long positions.
Experts believe that this subsequent reversal will be a short-lived phenomenon, and overall the trend is likely to continue.
Yesterday was also a volatile session for gold as well, after the false breakthrough over the $1,875 resistance line that was quickly reversed, and the gold closed with dojis.
Silver jumped to its highest level since Tuesday, February 2, before turning from $ 28.73. The bearish silver pin bar from Tuesday was confirmed with a sale yesterday at 27.36.
Still, silver remains in the range of the bullish channel, but it remains to be seen how its volatility may factor new long positions.
Experts believe that this subsequent reversal will be a short-lived phenomenon, and overall the trend is likely to continue.