Silver Seems Ready For A Technical Bounce
Satendra Singh | Jun 30, 2017 01:16AM ET
Silver futures price retreated a little after facing a soft resistance at $16.666, a psychological level to book partial profit during an upward trend.
On analysis of the movement of silver futures price in different time zones, I conclude that the silver futures price seems to resume its uptrend journey once again.
A technical bounce from the current level will be visible very soon on the price chart due to growing industrial demand. This uptrend voyage will bring the silver futures price up to the level of $17.581 where it may face a soft resistance once again.
Have a nice trading time.
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