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Silver - Surging

Silver is clearly bullish and is trading at levels unseen in 2 years. Hourly support can be found at 18.19 (intraday low). Resistance is now given at 21.13 (intraday high). Expected to increase again.

In the long-term, the metal is now in an increasing uptrend. Resistance is located at 25.11 (28/08/2013 high). Strong support can be found at 11.75 (20/04/2009).

Daily Technical Report

 

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