September 6, 2012

SILVER Trend update

  • Silver four hour chart shows price trading above a short term trend line. Up trend of this time frame will be intact as long as price stays above this trend line and 50 period SMA shown in second chart.
  • Last chart shows price in a range. Breakout from this range above 32.37 will lead to continuation of the current trend. Breakdown from the range may lead to a correction towards the up trend line or 50 period SMA.

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