Silver In Bullish Consolidation Zone Amid Growing Volatility
Satendra Singh | Apr 26, 2018 11:29AM ET
Since submission of my last analysis https://www.investing.com/analysis/silver-outlook-for-the-week-of-april-22nd-2018-200307615 on April 22nd, 2018, on analysis of the movement of Silver futures on April 26th at 11:20:00 in different time frames in the same chart which I noted in my last analysis, I find that the Silver futures have entered into the Bullish Consolidation Zone amid growing volatilitysince then. I find that the Silver futures become too volatile then Gold. No doubt that the current level of $16.400 provides a good support but if the Silver futures take a further downward move amid growing volatility will only be the next step up to strong support levels at $16.200 when the Silver futures become more precious for the bulls to go long.
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