SILVER outlook for September 18, 2014

Silver trading a few cents above its yearly low now. During the whole silver bear market that started in mid-July, we have not seen any serious price retracements. Resistance @ 18.60, 18.82 and $19. On the downside, it could retest 18.45 soon, with $18 as the next big price target.

Silver, December ’14 futures, daily chart:
SILVER_Dec14_daily_20140917

Chart courtesy of http://www.barchart.com

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