Correction/Consolidation between $45 to $50 is actually very healthy. If we had blown through $50 and carried on up I would have been far more concerned, that pattern would be consistent with a euphoric bubble. I'm mainly into miners not physical so for me it's much better that the price trends up slowly with occasional dips.
$50 represents very strong psychological resistance, many will profit take around these levels, and the instos will try and take advantage to rattle cages
- Forums
- ASX - By Stock
- SILVER
- silver $48-50 wow ++
silver $48-50 wow ++, page-22
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)