Silver: Weekly Report
ICN.com | Dec 15, 2014 04:17AM ET
Silver rebounded to the downside with the beginning of the week, but remained limited above Linear Regression Indicators and above the support 16.78. In fact, the price should stabilize again above 17.10 at 38.2% correction to confirm extending the upside move showing on graph, and represent the significant interval for the positivity of the price.
From the downside, breaking 16.00 fails the positive expectations, but we prefer to keep the price stable above 16.27 to strengthen the bullish possibility.
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