Daily Forecast - 16 January 2014
Silver Spot XAGUSD
Silver Tuesday's price action was negative & should signal a sell off in to the end of the week. Yesterday we hit the target of 1995 to bottom at 1990 but below here today meets good support at 1985/80. This could hold the downside but below here risks a slide to 1962/57.
Immediate resistance at 2028/32 could hold a move higher but above here use 2045/50 as a selling opportunity with stops above 2060.
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