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Silver pushes higher to break $20/oz once again

From kitco.com

Silver has had a decent European session and is trading 1.94% higher on the day. In recent sessions, the price has not matched the price increases of gold as the geopolitical tensions between the U.S. and China have spurred the yellow metal. Back to silver and the price increase has taken the grey metal through the $19.36/oz resistance and the $20/oz psychological level. Looking at the 4-hour futures chart below the price is heading towards the next resistance zone at $20.54/oz. If that is the case then the next strong resistance is at the high volume node from the distribution above at $21.50/oz. On the downside, ... (full story)

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  • Category: Technical Analysis