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Silver: Continues to Show Signs of Support

From dailyforex.com

Silver went back and forth during the trading session on Wednesday. In the early hours, as we continued to dance around the $27.25 level, we formed a hammer here. And that, of course, is something worth paying attention to as well during the Tuesday session. So, it does suggest that perhaps we may stabilize. If we do, the odds are we will go higher from here. The problem, of course, is that the $28.50 level is a massive resistance barrier. That's going to be somewhat difficult to break the above area. After all, historically speaking, it's caused a lot of problems in that massive sell off during the trading session ... (full story)

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  • Category: Technical Analysis