Topic: Silver technical depth chart of 25.3.2014
The sell-off has currently spilled over into a second week because the worth continues to point out consistent weakness. The breach of the key pivot level at $20.50 suggests any draw back, with daily momentum indicators suggesting continued weakness with draw back potential. consecutive key support is no longer till $18.97. The intraday hourly chart shows a standardized downtrend over the past seven days, all moving averages in decline (the fifty five hour moving average at $20.17 is that the basis of key resistance) and momentum indicators in pessimistic configuration.