Bullish Market Update: Silver Price Gets the Green Light to Move Higher

by Steve St. Angelo
SRSRocco Report

With the silver price closing at the high of the day, with an extremely bullish technical indicator, it now has the Green Light to move higher. Of course, nothing goes up in a straight line, so we shouldn’t be surprised if silver experiences a correction or consolidation along the way.

As I stated in my article earlier this morning, for silver to continue its trend higher, it would need to close near the highs of the day. At the time I published the post, silver’s daily candlestick showed no real decisive trend. The trading body of the candlestick was right in the middle of the day’s trading range, shown by the wicks at the bottom and top.

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