Silver Weekly Technical Outlook
Silver edged lower to 17.325 last week but rebounded strongly again. Initial bias remains neutral this week. Break of 18.28 resistance will suggest that fall from 19.48 is finished and will flip bias to the upside for upper trend line resistance (now at 19.09) first. On the downside, below 17.325 will turn focus to 17.08/195 support zone again. Break there will confirm that whole rise from 14.65 is finished and will bring deeper fall to trend line support at at 15.75.
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