Silver getting beaten hard once again, now at 4-year low levels, below $18. Resistance @ 17.90, 18.20 and $18.50. On the downside, Monday’s low @ 17.33 offers some support. Many traders have waited for some sort of technical rebound during the severe silver bear market of the last two months, since July’s high of $21.60, but that has not happened yet. This is why using stop-loss orders is crucial in trading.
Silver, monthly chart:
Chart courtesy of http://www.investing.com
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