How silver trades over the next week will set a significant trend for the next month. A close above the key level means silver continues to consolidate, and a close above could set up another move towards $30. Since silver reached $30 a few weeks ago, it has been consolidating, which is a typical pattern after a significant breakout.
In my newest video update, IMPORTANT SILVER MARKET UPDATE: Next Week Price Action Will Set The Trend, I explain why silver must close above this key level in order for it to remain in a bullish trend in September:
Furthermore, the precious metals dealer we sponsor on the website says that sales for silver bullion continue to remain strong as clients are buying 80% silver bullion versus 20% for gold.
I also wanted to let SRSrocco Report followers know about our newest Silver & Gold Members Posts:
You can access these new articles by becoming a Member here: MEMBERSHIP PLANS.
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