Commodity Prices

Gold •686 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,964.30	+19.30	+0.99%
WTI Crude •11 mins	98.02	-6.13	-5.89%
Gasoline •11 mins	3.487	-0.209	-5.67%
Ethanol •686 days	2.161	+0.000	+0.00%
Silver •686 days	30.82	+1.16	+3.92%

Silver • 686 days	30.82	+1.16	+3.92%
Copper • 686 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	104.79	-6.49	-5.83%
Natural Gas • 11 mins	3.052	-0.062	-1.99%
Heating Oil • 13 mins	3.935	-0.228	-5.48%

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Silver - Ready To Bounce Back

By - Aug 04, 2016, 6:57 AM CDT

Silver is trading within uptrend channel, confirming a persistent buying interest. Yet, the pair is monitoring the lower bound of this channel. Hourly support is located at 20.00 (29/07/2016 low) while resistance is given at 21.13 (04/07/2016 high). Expected to monitor resistance at 21.13 in the short-term.

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).

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