Update on silver – 6 July 2012
July 6, 2012 Leave a comment
Silver daily chart – upward price movement checked and reversal has begun. Downward trend confirmed. 20 day MA unlikely to break above 50 day MA soon.
The next support is at US$18~.
Silver weekly chart – similar to the daily chart but with much less sharp price movement. Analysis agrees with silver daily chart.
moneytalksg 