Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Technical analysis on Silver for July 5, 2018

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Silver is showing bullish signs and a bullish classical pattern. Our target for silver is between $16.30 and $16.70. This scenario gets confirmed on a break above $16.11.

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Red line – resistance

The resistance trend line is broken. Silver is consolidating near its highs and is forming a bullish flag pattern. A break above $16.10 will be a bullish signal and will most probably push price towards $16.30 first. I’m optimistic and I think we could see even $16.70 as the bounce unfolds today and tomorrow.

The material has been provided by InstaForex Company – www.instaforex.com

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