Monday, 10 June 2013

Silver trending lower, long term target below 14

Daily chart shows Silver trending lower. Beginning a newly accelerated burst to the downside? Looks to be, unless it can rally back above the mid channel down trend line.

Weekly chart provides a long term target for silver of below 14, suggested by the break lower from the long term descending triangle. The height of the triangle was almost 50%, indicating a target of almost 50% below the breakdown point. 

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