Forex Marketz Daily Forex News – Fully Markets Update
Silver has taken a major trend change today. Look at the daily:
The precious metal is trading at 16.810 today up significantly from a 16.04 level. Support is now climbing as the metal is trading higher and higher. Look at the hourly:
We can see it rising as high as the threshold of 17.270 reached on 29th of October. If the resistance at that level is broken it could be seen to go as high 18.497. Investors should watch carefully the market trends to confirm the major bullish pattern.
Look further at the 30 minute chart for the latest:
Bulls Power is strong and climbing. Silver can be seen to rise in the last two hours more than $0.50! That is jump of almost 5% in power and could amount to up to 5 times earnings for the aggressive investor margining.
