SILVER 0.30% $15.25 silver futures

Correction/Consolidation between $45 to $50 is actually very...

  1. 3,740 Posts.
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    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
 
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