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Silver was getting hammered in pre-market trading overnight in London, but in the last few minutes has reversed nicely. Hmmmm, be interesting to see if it can hold the gains and or add to them.

Yeah, I was wondering about that. I expected the drop due to positive US jobs data and market skepticism about the Greek deal. But didn't understand the rally. Any thoughts?

creshka46 wrote:Yeah, I was wondering about that. I expected the drop due to positive US jobs data and market skepticism about the Greek deal. But didn't understand the rally. Any thoughts?

TPTB slapping it up? Slap it high?

No data to support this view, just personal opinion, but I suspect targeted dip buyers who are triggering off price, or momentum, or some combination of both.

Something to keep in perspective. The big rally was last year. Could be another one this year though, many call for it, still others see us retracing our steps, as we are now.

Silver is below its 200 DMA