October 31, 2014

SILVER Testing recent lows

 
  • Silver daily getting resisted near 50 Day SMA
  • Hour chart shows a range breakdown.
  • sometimes before a big reversal a false spike below the recent low is possible. If daily does not give a lower close there is hope for silver bulls. But for now it remains a hope for those who were long.
  • All major time frames remain in favor of bears.
  • SILVER TREND UPDATE
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