Silver (XAGUSD) Fundamentals - Weekly Outlook: 2014, July 20 - 27

Silver (XAGUSD) Fundamentals - Weekly Outlook: 2014, July 20 - 27

22 July 2014, 01:23
Mike Dennis
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The silver markets fell during the course of the week, as the market formed a red candle for the first time in over a month. That being the case, the market looks like it could pull back a little bit, but would find significant support at the $20 handle. If we get a supportive candle in that general vicinity, we are comfortable buying this market. On the other hand, if we break above the $22 level, we would be buyers there as well. Selling is not an option at this point in time.




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