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24.12.201513:28 Forex Analysis & Reviews: Daily analysis of Silver for December 24, 2015

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 24.12.2015 analysis

Overview

Yesterday, silver closed at 14.25, showing some slight bullish bias now, while we notice that stochastic loses its positive momentum gradually to reach the overbought areas. Therefore, we will continue to suggest the overall bearish trend that its next targets located at 13.50 followed by 13.00, reminding you that it is important to keep the daily close below 14.25 to continue the suggested decline. Today, silver is expected to trade in a range between support at 13.70 and resistance at 14.50.

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