Silver markets gaps
Ok,nobody responsed to this post… https://goldtadise.com/?p=411247 which I thought had some significance especially as an area of potential resistance. But now tonight silver has traded past this area gapping up in almost the same price area on the daily chart. Strange indeed. Any thoughts?
A gap can act as a magnet. When price moves moves towards it there’s an expectation for the gap to be filled. We’ve seen the cyclical lows now, and price will move up for years. Gaps will get swallowed up as we rise, so I don’t pay much attention. I guess short term traders may be more interested.
Interesting that the price gapped at the same place JSKaui,
Loos like from the net dania chart todays gap already closed….which is good.