Silver Forecast July 30, 2014, Technical Analysis » Fx Empire Network

Silver Forecast July 30, 2014, Technical Analysis » Fx Empire Network

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The silver markets tried to rally during the course of the day on Tuesday, but failed to hang onto the gains. The resulting candle is a shooting star, and that of course suggests that there is still bearish pressure. The $20.50 level is one that has been supportive, but quite frankly we think that is a minor support level. If we break down below there, we should head to the $20.00 handle where there is a much more significant amount of support to be found, and as a result we would be more than willing to buy those supportive candles.

 

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Silver Forecast July 30, 2014, Technical Analysis » Fx Empire Network

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