Silver Weekly Technical Report 24-28/11/2014
ecPulse
2014-11-24 07:56AM UTC
The metal inched higher last week and is approaching 16.78 this week. The referred to resistance is a significant interval for the metla today and the rest of the week, and breaching it will form a wide bullish technical formation that will test 17.81.
From the downside, stability above 15.65 is significant to keep the overall positive outlook, but we prefer to keep the price above 15.84 to strengthen the positive possibility. A break below 15.65 fails any bullish attempt on the short term and triggers a new bullish wave.
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