Just an observation, with my limited experience in the market there is something I would like to note. Trading friday closed at it`s high with Silver. I think that is a good sign of continued upward movement. On the other hand the opposite may be a negative sign when the price would close closer to the low of the day. Another thing we saw today was the price closing above the 200 MA. If Silver can sustain a price where the 50 MA crosses the 200 MA ( Golden Cross ) might be something to watch for going forward, it has been said to be as very bullish as I understand it.
Gold also closed above the 200 MA. Not to get too excited but the 50 MA has started moving upward, but to cross over the 200 MA is a ways to go though. Gold closed very near the high of the day. Something to watch, these things can be indicators but remember this blog is for observing and for studying. This is not a buy and sell blog. I do try and give indicators from my own observation, others may differ in opinion. For your own purchases and sales you need to do your own Due Dilligence. My purpose is to introduce ideas, maybe indicators and for a study to see possible trends.
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