Will Silver Prices See a ‘Buy the Rumor, Sell the Fact’ Drop After the Fed Interest Rate Decision?
Yahoo Finance·2025-12-10 23:06

March Comex silver (SIH26) futures today hit a record high of 62.14anounce.Priceactioninsilverthisweekhasproducedabullishupsidebreakoutfromabullflagpatternonthedailybarchart.Measuringimplicationsfromthispatternprojectanupsidepricetargetofaround62.14 an ounce. Price action in silver this week has produced a bullish upside “breakout” from a bull flag pattern on the daily bar chart. Measuring implications from this pattern project an upside price target of around 70.00 in the coming weeks, or sooner. Indeed, silver bulls are presently enjoying a potent elixir of bullish charts and bullish supply and demand fundamentals, including an expected interest rate cut today from a major central ...