Silver - Testing its Recent Lows

By: MIG Bank | Thu, Sep 11, 2014
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Silver remains weak. The recent low at 18.88 is challenged. A key support stands at 18.64. Hourly resistances can be found at 19.15 (10/09/2014 high) and 19.37 (04/09/2014 high).

In the long-term, the trend is negative, as can be seen by the long-term succession of lower highs since the April 2011 peak. A test of the strong support area between 18.84 (31/12/2013 low) and 18.23 (28/06/2013 low) is expected. A key resistance lies at 22.18 (24/02/2014 high).

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Author: MIG Bank

MIG Bank

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