March 6, 2013

SILVER Chart analysis

DAILY CHART
WEEKLY CHARTS
 
  • Daily chart of silver shows price above a possible support line. Silver bulls need a daily close above 20 Day SMA for a bigger pullback to happen.
  • Weekly charts are not looking good for bulls Price has violated the long term trend line as shown in second chart. Price trading or closing below 27.89 could lead to 26.02 levels.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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