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Silver Recovers After Monday Selloff

From dailyforex.com

The Silver price has gone back and forth during the trading session on Tuesday but settled on an upward move. At this point, it looks as if we are simply going back and forth and trying to stay within the range that we have determined to be “fair value” over the last several weeks. It looks as if the $23 level underneath is massive support, especially as the 50-Day EMA sits right there as well. As long as we can stay above there, it’s very likely that there is still a bullish attitude in the silver market over the longer term.That being said, there is also a lot of concern out there about global growth, and that ... (full story)

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  • Category: Technical Analysis