Thursday, July 23, 2015

Silver Tests Support, Waits on Gold's Signal

Here's an update of a chart of silver I posted a couple weeks ago. You can see see that while silver is testing support right now, it isn't definitely breaking it. This, despite the recent carnage in gold.

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(Updated chart)

If I had to bet, I'd say silver is waiting to see if gold breaks below that "must-hold" support at $1,080. 

If gold can hold that support and rally, then silver should be in for a face-ripper to the upside.

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