Silver:
Silver prices
eased as the dollar advanced in choppy trade and on expectations that
the U.S. Federal Reserve will further raise interest rates. Gross
domestic product increased at a 3.5 per recent annual rate instead of the
previously reported 3.2 percent pace, the Commerce Department said. If silver continues to fall we can say the
breakout was false. If the shining metal breaks 38200 handle a bigger dent will
appear which will give a good profit booking for short selling positions. On
upper end 39750 will be first resistance and 38200 will be the initial support
for the shining metal.
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Resistance & Support
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Resistance
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Support
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39750
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38200
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