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TFC Commodity Trading Forum

Silver breaking down hard *PIC*

Similar story to GLD in most respects, but, unlike GLD, SLV has already broken below its 200day ema here today. There is some support close by at the $30 area, but much stronger support lurks below at the other blue lines indicated. Big gaps down there are just begging to be filled. $28 appears to be an ideal buy point where close stops would provide attractive low risk/high reward potential: