Silver Moves Mildly Downwards
ICN.com | Mar 30, 2015 06:39AM ET
After approaching our defined technical objective at 17.50, silver has moved mildly downwards and is currently re-attacking the key Fibonacci support at 16.88 as seen on the provided daily graph. Despite the positivity on Linear Regression, but some bearish tendencies started to appear on RSI14 and MACD. Ultimately, we believe that more bearishness is to been witnessed as far as 17.50 holds and 16.40 should be taken out to affirm and accelerate.
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