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Silver Analysis 

The silver markets went back and forth during the day on Thursday, testing the $17 level for support. With that, we feel that the market will eventually break out to the upside, as we are starting to find significant stability in a market that had fallen quite a bit just 3 sessions ago. With this, we feel that the market is looking to go higher and perhaps head to the $17.75 level. We have no interest in selling at this point, because we recognize that there is significant support below as well, at least down to the $16 level.

Silver Chart

silver chart 559

 

Source: FXEMPIRE

 

 

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