jsaettele

Silver Reaches 38.2% Retrace of Drop from 2011

COMEX:SI1!   Silver Futures
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Pay attention to silver at 25.12-26.23. This is the September 2013 high, 2011 and 2012 support, and the 38.2% retrace of the decline from the 2011 high. If this freight train is going to stop for at least a short while, then this would be a good range to provide resistance.
Scandex Chief Technical Strategist, SB Trade Desk co-founder, author Sentiment in the Forex Market

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Comments

Good Analysis
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long way to catch up to gold!
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