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TFC Commodity Trading Forum

Silver Daily Chart *PIC*

Looks like a big plunge coming today for this market, both confirming the bear flag on the chart and triggering a further sell signal from that formation. Next target is $26. A bounce, rest, and/or consolidation from there would not be surprising. If/when support gives way in the $25-26 zone, a retracement down to test the Aug/Sept 2010 breakout area ($19-20) could well be in the cards.

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Silver Daily Chart *PIC*
Re: Silver Daily Chart
Re: Silver Daily Chart