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Silver - Monitoring Key Support At 15.82

Silver is trading mixed. Bearish pressures are still important within resistance area between 16.50 and 17.00. The technical structure suggests further weakness towards key support at 15.82 (01/06/2016).

In the long-term, the death cross indicates that further downsides are very likely. 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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