Forex | Forex Strategies | Spot Silver Trading Chart (04/09/2009 08:11:12)

Spot Silver Trading Chart

Silver was once again one of the main beneficiaries in the commodities market from the surge higher in spot gold prices following the strong breakout from the pennant pattern on the daily gold chart, with silver following suit and ending the day with wide spread up candle which broke above the $16 per ounce level in one bound!  The longer term picture for  the price of silver, will now depend on the performance of gold in the next few weeks, and with the precious metal looking


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