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Silver Market Update

Tuesday, July 11, 2017 6:57

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clivemaund.com / Clive Maund / Monday, July 10, 2017

June is silver’s worst month of the year by far, on a seasonal basis, and its price dropped significantly this June. However, we are now well into July, and July is seasonally silver’s 2nd best month of the year, and as the month got off to a bad start, it is reasonable to expect things to look up, especially as silver put in what looks like a high volume Reversal Day on Friday, when it broke down below support but then got back above it later in the day.

We can see silver’s dive into what looks like a capitulative high volume Reversal Day on Friday to advantage on its 6-month chart, and the chance of its having hit bottom is increased by the fact that there was a full moon at the weekend.

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The post Silver Market Update appeared first on Silver For The People.

Source: http://silveristhenew.com/2017/07/11/silver-market-update-38/

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