Spot Silver May Remain Low Volatile

Published 06/05/2013, 07:28 AM
Updated 05/14/2017, 06:45 AM
SI
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Silver maintains the thin trade which has barely changed since yesterday, where price continues to hover below 23.30 key resistance and above 22.00 key support level. A breakout after this period of low volatility is expected, and it will take silver out of this trading range. We maintain onto our previously suggested bullish scenario.

Spot Silver
Support: 22.50, 22.15, 22.00, 21.50, 21.15
Resistance: 22.85, 23.85, 23.25, 23.40, 23.70

Recommendation Based on the explanations and chart above, we prefer to long above 22.00 targeting 23.20 and 24.70. Stop loss below 21.15.

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