Silver XAGUSD: Sudden Jump Upward as Speculative Forces Pile Aboard
as of this writing is nearly 23.900 USD with the commodity having come off early morning values which touched 24.300.
The reversals from earlier highs achieved should be viewed as a normal reaction to the lightning-quick rise Silver has generated the past day. Tuesday’s low was near the 22.880 ratios before Silver saw a rush of buying. When Silver broke through technical resistance near the 23.440 level yesterday, buying in the commodity increased.
Silver is trading within sight of prices' important resistance levels. In the middle of December, Silver did trade momentarily over the 24.000 value and touched a high of nearly 24.110 on the 13th,Speculative Run Higher in Silver with more Tough Hurdles to Come The price of Silver has been enjoying a rather solid trend higher since the third week of October when the commodity was near the 18.400 level.
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