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SILVER - Weekly Report
by icn.com
Short Term trend: Sideways
Intraday Bias: NeutralSilver is pushing gradually higher towards 22.00-22.10 horizontal resistance, and descending resistance for the falling wedge formation shown on chart. A break above this resistance area may complete the ongoing bearish wave, and signal an upside rebound. In general, the price remains neutral until a breakout of this range materializes.
** Short term Trend (Trends that last from two weeks to two months)
** Chart is based on GMT+2 timingNotes:
*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.
*Support and Resistance levels should be treated as regions not precise numbers
Support 21.50 21.20 20.95 20.60 20.25
Resistance 22.00 22.30 22.50 22.75 23.00
Recommendation Neutral
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