By in commentary, technical analysis

Silver Technical Analysis for 26th September

Our clients will be well aware that we have been getting increasingly bearish of Silver in recent days. Let’s have a look at what has prompted this shift in sentiment.
“Bigger picture” charts have a major Fibonacci resistance at 35.16. This is 38.2% of the sell off from the 2011 high. Shorter term Fibonacci retracement analysis suggested 35.12 might be a reference

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