Spot Silver Gains on China Stimulus Plans

Silver found temporary support at key Fibonacci level as bulls attempted to pull prices higher

Silver has traded conversely to gold, managing to selloff since the latter days in May. Silver topped out above $32, attempting another advance which ultimately fell short near $31.75 and has come off a sizeable amount since then. The metal now attempts to find support at the prior Fibonacci level of $27,40. The Fibonacci retracement relates to the 2021-2022 decline.

READ MORE…