Silver - Technical Report
ICN.com | Oct 17, 2014 04:55AM ET
The metal witnessed weak and limited trading that remained limited around Linear Regression Indicator 34 and 55, and above the support 17.27 represented in 13% correction. Trading is still within the overall downside move and below 23.6% correction at 17.80. Therefore, the sidellines is the best choice now, whereas Risk/Reward Ratios are inappropriate in light of the weak trading within the range 17.27 - 17.80.
Technical indicators on the graph are showing weakness, which is another reason to become intraday neutral today.
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