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Silver: Failed To Stabilize Yesterday Below 15.84

Published 11/20/2014, 02:57 AM
Updated 07/09/2023, 06:31 AM

Silver Daily Chart

Silver inched higher today after failing yesterday to stabilize below 15.84. Trading above the referred to level is positive and could extend the bullish attempts. Despite that the overall downside move is still valid, the positive signals on MACD in addition to stabilizing above Linear Regression Indicators forces us to think that the price will touch 16.78 at least.

From the downside, only a break below 15.65 could fail the positive expectations for today, and achieving that will pressure the metal later.

Support Resistance & Recommendation

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