We did correct yesterday, as expected after 11 sessions in green, about 50 cents for silver. However, this is a good thing, better cool off a little bit that RSI! by the end of day silver was already back at opening levels, mid 21′s, and that was a very good sign. There is still chance to test major resistance at 22.50$ soon, very soon. FED, profit taking, all was in the play yesterday and acted as per script. Nothing to worry about. Physical market has been VERY, VERY active. It was months that we did not experienced such high volumes in both gold and silver, almost non-stop action all day…another bullish signal! stay tuned for more updates soon and with the white metal resuming his rally already today or/and tomorrow!
ciao