Markets

Silver - Daily Technical Forecast

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Silver closed lower on Tuesday as it consolidates the rally off last week's low. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends the aforementioned rebound, this month's high crossing is the next upside target. Closes below the reaction low crossing would confirm that a short-term top has been posted.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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