by Dan Norcini
Trader Dan
As I have been noting of late, both gold and silver have been trapped in sideways trading patterns for some time now, meaning that there really has not been a whole lot worth saying about the price action in either metal.
That MIGHT POSSIBLY be changing in regards to silver. The reason is simple – price is down at the very bottom of the sideways trading range that has been intact for nearly seven weeks.
[…] Additionally the price fell through the 50 day moving average today, the first time it has done that since early June although it did recover slightly ahead of the closing or settlement price – just barely however!