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March Silver/Bouncing off Support *PIC*

March Silver is bouncing off of 1st support at 28 which is also the 50ema. Resistance is the broken uptrendline which is presently at 30. The old 29.40 resistance is no longer a factor. A break of 28 support would suggest a sell off to 2nd support at 25. The RSI 21 is trying to hold above the 50 line. Seasonals are bullish into mid Feb.

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March Silver/Bouncing off Support *PIC*

 
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