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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 - Back To 17.00

Silver's volatility is still strong. The metal is back to the 17.00 mark. Daily resistance is given at 18.00 (02/05/2015 high) while hourly support can be found at 16.74 (21/04/2016 low). Expected to see further consolidation.

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. Strong support can be found at 11.75 (20/04/2009). A key resistance stands at 18.89 (16/09/2014 high).

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