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Silver Update

11 July 2012
by Paul Costa

Couple of days ago we posted the Silver chart showing the key support at 26.72.  For the second day this week Silver or /SI bounced off this level, or close to it todays low of the day 27.08.  This level has held so far, but if Silver keeps testing it technical analysis suggest it will weaken.  But right now it has held as strong support.  Anyone bullish on Silver wants to see it get above 27.50, this should be a break of short-term resistance and put another support or stop level behind it.

Silver Update

 

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