• Silver Officially Looks Oversold

    2 monthes ago - By ETF Daily News

    From Streetwise Reports : Technical analyst Clive Maund takes a look at the latest movements in the silver market.
    The picture for silver looks dull and weak, and it has dropped back over the past month or two, like gold, in response to dollar strength. On its latest 14-month chart we can see how, after breaking support in the $16.15 area, it has dropped back to support close to the low of last July, where it is oversold. The intermediate trend must be classed as neutral/down as it is below bearishly aligned moving averages. Having said all that there is a fair chance of it turning higher...
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