March 19, 2012

Silver Near resistance line

DAILY CHART
WEEKLY CHART
  • Four hour is nearing a resistance line
  • Weekly chart shows price continue to find support near 20 Week SMA.
  • Weekly chart will favor bears of silver only if it starts to trade below 31.57. Sustaining above 20 week sma should result in a breakout above the resistance line shown in first chart.

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