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Silver Continues to Search and Probe Major Support
Silver has gone back and forth during the course of the trading session on Thursday in early trading, but I think we're still stuck in the same range that we have been in for a while. The $22.50 level, I think, is the beginning of significant support that extends down to the $22 level. The $22 level is an area that I think is the bottom of an overall large consolidation area that extends all the way up to the $26 level.Keep in mind that silver is extraordinarily volatile, and you have to be very cautious about your position sizing. But ultimately, I think this is also a situation where things are going to be very ... (full story)