The most significant support level to watch in the short-run is Questions about your Order? Putting the short-term picture into perspective, the recent surge off the late August lows is coming from a pivotal area around
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A break above will keep the December to current uptrend continuing; this would certainly be a big positive for silver, obviously. The most significant support level to watch in the short-run is Ideally, a day or two of consolidation develops to show willingness for silver to hold up after a big run, and to recoil for another jet higher. For now, silver is viewed through a cautiously bullish eye, but should silver slice through support versus a gradual decline and hold of any of those levels, then we will need to consider alternatives.
Keep any eye on the US dollar , as in recent trade it has been a good source of strength for precious metals. A daily close below in the USDollar will be a key event for the index, likely leading to continued weakness and helping along silver.
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