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Silver Finds Rebounds from Key Support Area

posted by Avatar FXTimes 324 days ago in Technical, Daily, Metals made popular 324 days ago

If we start at the weekly chart, we see that silver is testing a support pivot near 26.10 for the 4th time. The last 3 were during Jan. 2010, Sept. 2011, Dec. 2011, and May 2012. During Sept/Dec. 2011, the tests of this support were followed by a rally above 36.50. But will be get a similar bounce this time?
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