Spot Silver Analysis: RSI, Stochastic Remain Positive
CommodityOnline | Jun 03, 2013 05:18AM ET
Silver closed higher on Monday. The high range close set the stage for a steady to higher opening when Tuesday's night session begins. Stochastics and the RSI are neutral to bullish, signaling that a low might be in or is near. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it renews this month's decline, the 75% retracement level of the 2008/2011 rally crossing is the next downside target.
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