Silver prices have a fantastic year, rising more than 30% from the start of this year despite the recent major sell-off. Prices were near $30/oz in early August but slid to $22.50 as the US dollar recovered some ground. Crucially, some key support levels have been defended. First, bulls seem to be using 150-day moving average as their support and even more importantly, declines stopped at 1:1 relationship between waves “a” and “c”. Does it mean end of troubles for the shiny metal?
NATGAS loses after the EIA inventories report
BREAKING: OIL gain extends to 3.5% 📈Chinese state companies stop Russian oil purchases
⏫ Oil Gains 2% on Russia sanctions
Daily wrap – US Export Restrictions on China and Weaker Earnings Trigger Wall Street Correction