Silver, today has broken a multiple support levels(see chart below). Be it 10 days EMA, 50 days EMA, up trending channel support, it has broken all and trading at $17.15 after hitting low of $17.10. In my last post yesterday (https://steemit.com/silver/@jimmyrai28/silver-update-31-05-2017-stable-after-hiccups), I advised to trade silver with proper stop loss below 50 days EMA, which unfortunately has hit.
I am not advising to short silver yet as I want to see its days closing price. Next support of silver is at $16.93, and I will post my 2nd update, if I get convinced of either up or down move .
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