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Silver Weekly Price Contines to Show Volatility

From fxempire.com

The silver markets initially tried to rally for the week, but then rolled over to show signs of weakness. The market broke below the $24 level, only to turn around and close above it. Nonetheless, we are looking to the markets in a very cautious manner. The market is likely to find buyers at lower levels, and this is how I am looking to trade the markets. The $22 level underneath is another longer-term area of demand that I think we might test. After that, the $20 level is a major figure that the markets will more than likely pay attention to. {video} The fact that central banks around the world continue to loosen ... (full story)

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  • Category: Technical Analysis