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Silver Technical Analysis: The price of silver will try to break the support to keep going down

30 Oct 2018 03:24 PM

There are negative signals on the daily chart of the price movement of silver, and these signals give the possibility to see a decline in the price of silver. However, a break of 14.37 support will be required to prove a continued downtrend.

From the top, only a break of 14.73 will negate the downside potential, but we would prefer to keep trading below 14.50 to keep the chance of going down better.

Therefore, we think it is good to sell silver below 14.45 with the expected profit taking in two stages at 14.30 and 14.15 and stop loss above 14.60.

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