Commodity Prices

Gold •368 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,407.10	+25.00	+1.81%
WTI Crude •2 days	66.50	-0.50	-0.75%
Gasoline •2 days	2.117	-0.002	-0.07%
Ethanol •368 days	2.161	+0.000	+0.00%
Silver •368 days	30.82	+1.16	+3.92%

Silver • 368 days	30.82	+1.16	+3.92%
Copper • 368 days	4.530	+0.111	+2.51%
Brent Crude • 2 days	68.30	-0.50	-0.73%
Natural Gas • 2 days	3.387	-0.022	-0.65%
Heating Oil • 2 days	2.409	+0.039	+1.65%

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Silver - Targeting 1-Month High

By - Jun 10, 2016, 6:06 AM CDT

Silver's upside pressures are definitely back on. As expected hourly resistance at 16.56 (26/05/2016 high) and 16.65 (20/05/2016) have been broken. Hourly support can now be found at 15.82 (01/06/2016 low). Hourly support is given at 17.39 (16/05/2016 high). Stronger daily resistance is given at 18.01 (02/05/2015 high). Expected to show a continued bullish momentum.

In the long-term, the metal has broken a declining downtrend and has started to increase again. A break of resistance at 18.48 (21/05/2015 high) is needed to confirm this view. Strong support can be found at 11.75 (20/04/2009).

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