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Silver - Technical Report

Published 10/17/2014, 04:55 AM
Updated 07/09/2023, 06:31 AM

Silver

The metal witnessed weak and limited trading that remained limited around Linear Regression Indicator 34 and 55, and above the support 17.27 represented in 13% correction. Trading is still within the overall downside move and below 23.6% correction at 17.80. Therefore, the sidellines is the best choice now, whereas Risk/Reward Ratios are inappropriate in light of the weak trading within the range 17.27 - 17.80.

Technical indicators on the graph are showing weakness, which is another reason to become intraday neutral today.

Support Resistance & Recommendation

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