Gold & Silver Soar Today

Gold and silver have caught a sharp move higher today on volume. Many investors and traders will point to the uncertainty in the Middle East for the rally in the precious metals, however, the chairman of the Federal Reserve Bank gave his reasons why he will continue his quantitative easing program and this action by the Fed is inflationary.

The iShares Silver Trust (NYSE:SLV) has rallied sharply higher this afternoon by 0.55 cents. Traders should watch for resistance around the $28.50 level.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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