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Silver: Looking for Support
Silver has been a little bit negative during the course of the trading session on Friday, but it also looks like we have plenty of support underneath that should continue to cause a little bit of a bounce. All things being equal, this is a market that is trying to do everything it can to break to the upside, and if we do break above the high of the trading session on Thursday, that opens up the possibility of a move to the $32.35 level.The $32.35 level has been important more than once, and therefore there should be a certain amount of “market memory” in that region to offer a bit of a barrier. If we could break ... (full story)