Watch Silver as It Approaches $30.7 Resistance
Silver remains oversold but is nearing the $30.7 resistance level, gaining upward momentum as indicated by the Stochastic's move out of the oversold territory.
The trend outlook will stay bearish as long as silver prices remain below the October 17 low of $31.35. Should silver close above the immediate resistance at $30.76, it might aim to test the 50-period simple moving average as its next resistance.
Article: fxnews.me/silver-bear-market-shows-signs-of-recovery-around-30/
The trend outlook will stay bearish as long as silver prices remain below the October 17 low of $31.35. Should silver close above the immediate resistance at $30.76, it might aim to test the 50-period simple moving average as its next resistance.
Article: fxnews.me/silver-bear-market-shows-signs-of-recovery-around-30/
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