Silver Market Update

Silver market update for Monday, April 15th. Even though silver suffered steep losses on Friday, and continues down today, the gold sell-off has been overshadowing other metals. However, silver has slid below key support levels, so it’s difficult to judge how far it could drop. Once key support levels are broken, “stops” and margin calls are triggered, which causes even further loss. Over the short to medium-term, this analysis shows the next support level to be in the $19-$20 range. Read more…