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W/C June 27, 2022 - Issuance Complete


Pulls Back From Tuesday’s High


Paring Initial Bid


Resumes Its Uptrend

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SILVER TECHS: Approaching Key Resistance
*RES 4: $20.138 - High Sep 7 2016
*RES 3: $19.650 - High Sep 4
*RES 2: $18.860/913 - High Jan 8/ 76.4% retracement of Sep to Dec decline
*RES 1: $18.820 - Intraday high
*PRICE: $18.713 @ 07:19 GMT Feb 24
*SUP 1: $18.589 - Intraday low
*SUP 2: $18.230 - Low Feb 20
*SUP 3: $17.887 - High Feb 6
*SUP 4: $17.686 - Low Feb 18
Silver has again moved to its highest level of the year, barring the intraday
spike seen as Iran retaliated to the US killing General Soleimani on Jan 8.
Momentum studies continue to point north and focus is now on the 76.4%
retracement of Sep to Dec decline at $18.913 and the high of Jan 8 at $18.860.
To the downside, support is seen at $18.230, the Feb 20 low where a break is
required to undermine the current bullish theme.

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