Silver gapped higher, spiking above the 26.56 resistance today, continuing the recent traction the commodity found off the 100-day simple moving average (SMA). The climbing 200-day SMA is defending the positive structure, while the flattening 100-day SMA, is endorsing waning in the commodity’s improvement. Nonetheless, the slight upturn in the 50-day SMA together with the pickup in positive sentiment in the short-term oscillators are promoting additional advances. The MACD, in the positive region, is holding above its red trigger line, [..]
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