Silver :Trendline Resistance

Silver kissed and tumbled down from the medium term falling trend line The weekly momentum indicator has done a pullback cycle. The white metal is also being pushed down by weekly upper Bollinger Band. The key levels on the downside are $30.62 ie 61.8% retracement of the rise and $27.75 ie the weekly lower Bollinger Band. Reversal can be kept above the high, ie $37.46.


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