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MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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Silver: Monitor The Resistance At 22.13

Silver has thus far successfully tested the key support at 20.63 (see also the rising trendline). A break of the resistance at 22.13 is needed to suggest something more than a short-term bounce. Another resistance stands at 23.42. An initial support lies at 21.43 (03/10/2013 low).

The failure to break the strong resistance area between 24.87 and 26.07 (26/09/2011 low), coupled with the subsequent decline, favour the start of a medium-term phase of weakness. Key supports are at 20.63 and 18.23.

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