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1/25/2016 2:15:36 AM

Silver readies to advance - Technical Analysis - 25-01-2016



Silver prices leaned on the SMA50 in the short term and intraday levels trading, trying to gather positive momentum that would help them rise again, along with trading within an ascending price channel that limited silver's previous short-term movements, while trying to vent off that overbought saturation apparent in relative power indicators, which would help silver rise again.

Therefore we expect the white metal to rise, as long as it moves within that ascending price channel, targeting the pivotal resistance of 14.18.


Target
Risk


Support
Resistance


Trend Bullish

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