Market Update: Silver Adds Nearly $2 & Closes at Important Technical Level

by Steve St. Angelo
SRSRocco Report

At the close of trading today, the silver price surged by nearly $2. According to, silver closed at $24.72, up $1.91 for the day. I can’t remember the last time silver jumped nearly $2 in one day. Of course, last Tuesday and Wednesday were big days for silver, but not $2.

What is interesting about the last few minutes of trading, silver closed right at the highs. So, it’s going to be interesting to see what happens in early Asian trading if silver BREAKS above its new short-term resistance level.

Last night, I was busy on my SRSrocco Report Twitter Feed, showing that silver was making a very bullish ASCENDING TRIANGLE formation during early Asian trading. If silver broke above it, I wrote that it could experience another nice BREAKOUT:

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