silver chart

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ckruel

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silver chart

posted on Nov 20, 2012 02:16PM

Silver ETF Forms Rising Wedge

November 20, 2012 at 11:52 AM | written by Arthur Hill

The Silver ETF moved sharply lower in October and then bounced with a rising wedge. The wedge is still rising, but broken support turns resistance in the 32.5 area. A wedge break would signal a continuation lower and target a move to next support in the 29 area.

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