SILVER suffered the biggest weekly loss in four weeks last
week, echoing gold’s decline as precious metals fell out of favour. The metal is
currently sitting on the 200-week moving average at 16.5786, which was breached
on a closing basis last week for the first time since July.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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