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MIG Bank

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 - Declining

Silver has broken hourly support at 14.94 (05/11/2015 low). The potential medium-term base formation and the short-term challenge to range support favours a bearish bias. The resistance at 15.45 (declining channel) has thus far held. Expected to show continued weakness.

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. The strong support at 14.66 (05/02/2010 low) has been broken and prices have then consolidated. A key resistance stands at 18.89 (16/09/2014 high).

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