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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: Towards New Highs

Silver is gaining positive traction by breakening resistance at 17.45 (13/02/2015 high). resistance is at 17.75 (intraday high). Support can be located at 1.5635 (13/05/2015 low).

In the long-term, the break of the major support area between 18.64 (30/05/2014 low) and 18.22 (28/06/2013 low) confirms an underlying downtrend. However, the strong support at 14.66 (05/02/2010 low) has held thus far and prices have then consolidated. A key resistance stands at 18.89 (16/09/2014 high).

Daily Technical Report

 

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