Pairs in Focus – Silver, S&P 500, USD/CAD, USD/MXN, Bitcoin, Nasdaq 100, EUR/USD, USD/JPY

From dailyforex.com

The silver market had a very tough week as the US dollar strengthened during most of it, but we also have to keep in mind that recently silver had seen its implosion wipe out a ton of retail accounts. That being said, this is a market that I think you need to pay close attention to as the $80 level is a significant support level and is in the middle of the overall consolidation. If we were to break down below the candlestick during the week, it opens up the possibility of silver dropping down to $70 where I also see support. Quite frankly, this is a market that has been very noisy, and I think that continues to be ... (full story)