Trader Dan Norcini on Silver

The reason I rolled into silver today was because I think $40 is the next big battle. I want to ride along until then and will likely bow out and let the silverbugs fight it out.

MS

4 Hour Silver Chart

by Trader Dan
Silver pushed past resistance at the top of its narrow range which came in near $36. It ran higher in very early Asian trade but has not been able to extend its gains and push beyond $37. It has a band of overhead resistance near $37.50 that will be formidable and will need to give way if it is going to make a push towards $40.

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