Ransquawk

Due to weakening of the American currency, silver prices are rising. The daily chart shows that support in the region of 16.10, which has survived the dollar appreciation period, was perfectly respected. Currently, there is a bullish rebound and a breakout from the triangle shaped consolidation. It seems that Silver may for the fourth time aim at a perfectly well-respected line connecting the highs from more than a year. If this happens, we should expect several days of increases, with the target around 17.10.

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