April 15, 2013

SILVER Chart update

  • Silver weekly chart shows a bearish Descending triangle breakdown. 
  • Hope for silver bulls is the Golden ratio shown in monthly chart. If price forms a basing formation here we may see an up move,
  • Oversold up moves if happens will find it tough to cross the broken 200 Week SMA. This level shown in last chart will act as stiff resistance for now.

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