Silver hits a buy level
|Silver is trending higher but with significant declines after a break higher & periods of low volatility, trading sideways for long periods after a move.
We hit support at 6470/6460 & longs need stops below 6445.
We just bounced 100 ticks from 6444. Further gains can target 6580/90 & 6620/6630.
Maybe we can eventually retest the all time high at 6678/6688.
A break higher targets 6700/6705.
I am sure we will get there eventually but timing is impossible to know.
Eventually we should reach 6775/6778 but it is likely to take time - there are no swift or sustained moves in these trading conditions.
Support again at 6470/6460 & longs need stops below 6445.
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