Why Silver's Small Rally Packed a Big Punch

Source: Rick Ackerman Published on Thursday, January 19 2017
Related articles and keywords:   Bullish - Chart - Commodities - Free - Futures - Georgia - I-min. - Price Action - Silver - Stocks - Take Off - Trade - Traders - Trading - Weeks
Silver futures sold off hard Wednesday after peaking around mid-session, but not before generating the most promising bullish impulse leg that we’ve seen in a long while. Notice in the chart that the modest rally, which lasted for just a couple of hours, exceeded two prior peaks stretching all the way back to mid-November. This implies that there’s some real power pushing silver higher, notwithstanding the whipsaw price action that concluded the day. It also implies that any weakness in the days
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