www.goldtrends.net The longer term silver chart shows price at an upper momentum line and has been trading above and below it all week. Support is the 36.50-37.00 area at the moment. As long as silver remains above the 35-36 area ----- the trend is still up -- but keep in mind that this is an important area for silver --- even on the long term charts. Until the 36 area is taken out --- the potential to move higher remains. Resistance is 37.80-38.30 at the moment.
Silver Mid Week Wednesday
www.goldtrends.net The longer term silver chart shows price at an upper momentum line and has been trading above and below it all week. Support is the 36.50-37.00 area at the moment. As long as silver remains above the 35-36 area ----- the trend is still up -- but keep in mind that this is an important area for silver --- even on the long term charts. Until the 36 area is taken out --- the potential to move higher remains. Resistance is 37.80-38.30 at the moment.
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