January 22, 2012

SILVER Weekend Views

  • Silver daily chart shows price closing above 50 and 100 SMA in daily time frame.
  • But Weekly chart shows price entering possible resistance zone in the form of previous Broken support.
  • So holding 100 SMA silver should continue its up move.
  • Falling below 100 SMA will be negative for Silver in the short term.
  • If price sustains above 32 - 33 levels then a possible hit at 50 Week SMA is possible.
  • DOW JONES WEEKEND UPDATE

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