Silver: How To Trade This Week
ICN.com | Nov 24, 2014 04:21AM ET
Silver inched higher last week and is approaching 16.78 this week. The referred to resistance is a significant interval for the metla today and the rest of the week, and breaching it will form a wide bullish technical formation that will test 17.81.
From the downside, stability above 15.65 is significant to keep the overall positive outlook, but we prefer to keep the price above 15.84 to strengthen the positive possibility. A break below 15.65 fails any bullish attempt on the short term and triggers a new bullish wave.
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