Silver Is Potentially Bullish

Silver is slightly bullish but if the price holds above the POC we should see a move up.

27.50-60 is the zone where we should see the bounce. Targets are 27.99 and 28.40. The structure looks bullish and bears could be stronger only if the price breaks below 27.28. At this point we should see a bounce and bulls could be in profit by the end of the day. Watch for the FOMC tomorrow.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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