November 25, 2011

SILVER Chart Analysis

  • Silver hour is in a consolidation pattern getting ready for a breakout.
  • Price in daily chart is showing support at 30.65 levels. Breaking below this level can give a good down move. On the up side price is struggling to close above 50 Day SMA. So an upper breakout may give good result only if it manage to stay above 50 Day SMA: 

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