SILVER outlook for September 23, 2014

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:

Silver(Monthly)20140922

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

Please read the Disclaimer!

RECEIVE MY TREND TRADING REPORT FREE OF CHARGE, TWICE A DAY, FOR 2 WEEKS BY SENDING ME AN E-MAIL AT: THETRADINGSTRATEGIST@YAHOO.COM !!!