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Continues To Appreciate

SILVER TECHS
  • RES 4: $26.943 - High Mar 8 2022 and a key resistance
  • RES 3: $26.771 - High Mar 9 2022
  • RES 2: $26.222 - High Apr 18 2022 and a key resistance
  • RES 1: $25.075 - Intraday high
  • PRICE: $25.877 @ 08:08 BST Apr 14
  • SUP 1: $25.044 - Low Apr 12
  • SUP 2: $24.111 - 20-day EMA
  • SUP 3: $23.153 - 50-day EMA
  • SUP 4: $22.828 - Low Mar 28

Silver remains firm and the metal continues to appreciate, reinforcing the uptrend. The recent break of resistance at $24.637, the Feb 2 high, confirmed a resumption of the bull trend that started early September 2022. The focus is on $26.222 next, the Apr 18 2022 high. On the downside, a key support is seen at $24.111, the 20-day EMA. The trend is overbought, a pullback would be considered corrective.

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