| Silver topped out in April 2011 & has remained in sideways zone for very long time maintaining a very important support at 52165. In march 2013 silver broke this crucial support level significantly & touched the bottom of 38536. Right now silver is at a very crucial level of 47700 and it doesn't look stable at all, if it tries to move further downwards & break a support of 45820 it will attempt to touch the levels of June 2013. 40765 is another very important support, on breaching this support the market will move lower & if it closes below this level significantly; it will aim for new lows. | |
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