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Technical Analysis for Silver: Trading above 14.73 will cause further upside

2 Nov 2018 04:54 PM

The price of silver is trying to stabilize above 14.73, and stability above the mentioned level may cause further upside, to achieve the price of silver touching the psychological barrier 15.00, and perhaps later levels around the resistance 15.22.

But from the bottom, we should know that a break of 14.33 will fail the upside, but we prefer today to keep trading above 14.55 to keep the upside.

Therefore, it might be good to buy silver around 14.73 with the expected profit taking in two stages at 14.90 and 15.20 and stop loss below 14.50

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