Silver Technical analysis: stability above 14.73 may cause further upside

25 oct. 2018 03:32

Until now, the price of silver could not close above the 14.73 resistance level, keeping the bullishness weak. However, trading above 14.37 is positive in itself, and may be the reason for further attempts to rally.

From the bottom, a break of 14.33 will fail the upside wave, but we prefer today to keep trading above 14.50 to keep the upside.

Therefore, we think it is good to buy silver above 14.65 with a two-time profit at 14.85 and 15.00 and a stop loss below 14.45.

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