$Endeavour Silver(EXK)$ I closed positions after a quick dip in the Silver pot. Will watch $Silver - main 2412(SImain)$ with Silver showing potential to $32
Source - Yahoo Finance Technical analysis of silver prices also reveals long-term pent-up bullish potential, and the two looming peaks in silver's history at about $50 per ounce could act as magnets for a breakout.
According to Goldman Sachs, $32 is the big level to watch for silver, which the bank said is "on the verge of a multi-month breakout." The bank also noted that options on the iShares Silver Trust (SLV) had one of the biggest volume days in years last Friday.
$iShares Silver Trust(SLV)$
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Comments
According to my search, I couldn't find any news specifically related to Endeavour Silver (EXK) or its recent dip in the silver market. However, I did find some news and articles related to silver and its potential breakout:
"Spot Silver up Over 3%" - This article discusses the recent increase in spot silver prices by over 3%.Read more
"Sentiment Speaks: Silver Is At A Major Turning Point" - The article explores the potential for a significant move in silver based on Elliott Wave analysis.Read more
"Elliott Wave Favors Bullish Bias in Silver (XAGUSD)" - This article focuses on the Elliott Wave theory and its implications for a bullish bias in silver.Read more
Please note that these articles are not specifically about Endeavour Silver but provide insights into the silver market as a whole.
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Great article, would you like to share it?