Silver Outlook: Daily Trend Is Up
Petros Steriotis | Dec 11, 2014 07:34AM ET
Silver’s daily trend is up as long as price is higher than 16,60 on a closing basis. The rebound from the 4-year lows that were marked two weeks ago at 14,15 has been very impressive so far. There is resistance at 17.35, 17.65 and 17.85. On the downside, 16.80 and 16,65 can offer good support. The weekly trend is now up, too, but the monthly trend is massively negative.
Silver, daily chart:
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