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Silver's Bearish Rally

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Silver moved sharply higher recently along with mining stocks, but unlike the latter, the white metal continued to show strength even on Thursday by holding up well despite gold’s and mining stocks’ decline. What does this tell us? It tells us that a decline is very likely to be seen shortly. Let’s see why (charts courtesy of http://stockcharts.com). In yesterday’s alert we wrote the following: The silver to gold ratio and the indicators plotted on the chart show how often the above

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    The rally will likely continue, next target should be around 17.00 - 17.45.
     

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