January 16, 2017

SILVER Trend update

  • Silver daily moving towards 100 Day SMA. Bounce can extend only if price is able to move above 100 SMA. Weakness resumes if daily falls below the trend line.
  • Weekly chart shows clear down trend in place. Price resuming down trend after small bounces. For now 15 Plus levels is holding. One has to wait and see if this turns out to be a weekly reversal or bears resume the down trend by breaking below 16 again.
  • GOLD Weekend update

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