$28 Should Hold on Silver, After Final Move Down

$28 Should Hold on Silver, After Final Move Down

With gold and silver continuing the longer process of digesting the 2011 move higher, many traders are looking for a final down move to put in a bottom. One trader out of London commented, “The physical market is still extraordinarily tight here. Somewhere around the $ 28 area there should be a firm base as there is tremendous physical demand in that zone.”
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