Silver – Ready For A New Leg Higher

By: MIG Bank | Tue, Aug 30, 2016
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Silver is now pushing back higher. Hourly support given at 18.19 (30/06/2016 low). Hourly resistance can now be found at 19.12 (23/08/2016 high). Strong resistance is given at 21.13 (04/07/2016 high). Expected to show further continued weakness.

In the long-term, the metal is now in an increasing uptrend. Resistance is located at 25.11 (28/08/2013 high). Strong support can be found at 11.75 (20/04/2009).

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MIG Bank

Author: MIG Bank

MIG Bank

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