Silver Update In European Session
ICN.com | Dec 17, 2014 05:26AM ET
Silver pushed lower yesterday failing the bullish attempt. Despite that, the downside move is still limited above the key resistance of the downside move. A break below 15.65 brings back the negative trading, but from the upside, trading again above 16.27 brings positivity back.
We move to the sidelines today, indicating the importance of waiting to break out of the range of 15.65 to 16.27 to determine the move, as there is a clear contradiction between the negative signals showing on several technical indicators, while the price remains outside the bearish range.
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