silver<\/a> market has plunged early during the trading session on Thursday to reach towards the $33.33 level, an area that I\u2019ve been watching quite a bit. It might be worth noting that the market does seem as if it is trying to stabilize here and therefore, I think we could see value hunters coming in to pick up little bits and pieces of silver in order to take advantage of what has been a very strong uptrend. I have no interest in shorting silver, and I do think that given enough time we probably go quite a bit higher, but I also recognize that silver is a very noisy market and one that you can get into a lot of trouble if you are not careful.<\/p>\nSo, with that, I am hesitant to get aggressive, but I do think that this could be a short-term buy on the dip setup. If we break down from here, the $32.50 level is an area where I start to look at potential support as well. And I think that given enough time, we are going to do everything we can to finally break towards the $35 level, which was a major swing high, and of course, an area that\u2019s been important multiple times throughout history. I have no interest in shorting silver. I think ultimately, we do go higher based on a shrinking US dollar, and of course, a lot of fear out there as it is part of the precious metals complex.<\/p>\n<\/div>\n
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[ad_1] Silver Markets Technical Analysis The silver market has plunged early during the trading session on Thursday to reach towards the $33.33 level, an area that I\u2019ve been watching quite a bit. It might be worth noting that the market does seem as if it is trying to stabilize here and therefore, I think we could see value hunters coming in to pick up little bits and pieces of silver in order to take advantage of what has been a very strong uptrend. I have no interest in shorting silver, and I do think that given enough time we probably go quite a bit higher, but I also recognize that silver is a very noisy market and one that you can get into a lot of trouble if you are not careful. So, with that, I am hesitant to get aggressive, but I do think that this could be a short-term buy on the dip setup. If we break down from here, the $32.50 level is an area where I start to look at potential support as well. And I think that given enough time, we are going to do everything we can to finally break towards the $35 level, which was a major swing high, and of course, an area that\u2019s been important multiple times throughout history. I have no interest in shorting silver. I think ultimately, we do go higher based on a shrinking US dollar, and of course, a lot of fear out there as it is part of the precious metals complex. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":39564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-39563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/39563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=39563"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/39563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/39564"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=39563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=39563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=39563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}