Silver Weekly Technical Outlook

Silver dropped to as low as 13.91 last week and breached 14.155 support but quickly recovered. Initial bias is neutral this week first. Below 13.91 again will now confirm medium term down trend resumption. Next near term target will be 61.8% projection of 17.775 to 14..33 from 15.71 at 13.56. Nonetheless, break of 15.71 will confirm near term reversal and will turn outlook bullish.

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