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Spread Betting Analysis on Silver Bullion |
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Spread Betting Analysis on Silver Bullion
For the latest technical analysis see Silver Bullion Spread Betting Analysis.
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13 January 2012 update -
Silver closed slightly higher on Thursday and the midrange close set the stage for a steady opening on Friday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off December's low, the 50% retracement level of the November-December decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a short-term top has been posted.
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12 January 2012 update -
Silver was slightly higher on Wednesday and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off December's low, the reaction high crossing at 33.300 is the next upside target. Closes below the 10day moving average crossing would temper the near-term friendly outlook.
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11 January 2012 update -
Silver closed higher on Tuesday and the high-range close set the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off December's low, December's high crossing is the next upside target. Closes below the 10day moving average crossing would temper the near-term friendly outlook.
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10 January 2012 update -
Silver closed higher on Monday and the mid-range close set the stage for a steady opening on Tuesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above the 20day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off October's high, the 75% retracement level of the 2010-2011 rally crossing is the next downside target.
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09 January 2012 update -
Silver closed lower on Friday and the low-range close set the stage for a steady-to-lower opening on Monday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off October's high, the 75% retracement level of the 2010-2011 rally crossing is the next downside target.
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06 January 2012 update -
Silver closed lower on Thursday and the high-range close set the stage for a steady-to-higher opening on Friday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off October's high, the 75% retracement level of the 2010-2011 rally crossing is the next downside target.
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05 January 2012 update -
Silver closed lower due to profit taking on Wednesday and the low-range close set the stage for a steady-to-lower opening on Thursday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off October's high, the 75% retracement level of the 2010-2011 rally crossing is the next downside target.
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04 January 2012 update -
Silver closed higher on Tuesday and the high-range close set the stage for a steady-to-higher opening on Wednesday. Stochastics and the RSI are turning bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20day moving average crossing are needed to confirm that a short-term low has been posted. If it extends the decline off October's high, the 75% retracement level of the 2010-2011 rally crossing is the next downside target.
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03 January 2012 update -
Silver closed unchanged on Monday due to market holiday. The low-range close set the stage for a steady-to-lower opening on Tuesday. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends the decline off October's high, the 75% retracement level of the 2010-2011 rally crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a short-term low has been posted.
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30 December 2011 update -
Silver closed higher on Thursday and the high-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI are neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Multiple closes above the 20day moving average crossing would confirm that a short-term low has been posted. If it renews this month's decline, the 75% retracement level of October's rally crossing is the next downside target.
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29 December 2011 update -
Silver closed sharply lower on Wednesday renewing the decline off October's high. The low-range close set the stage for a steady-to-lower opening on Thursday. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends the decline off October's high, September's low crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a short-term low has been posted.
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28 December 2011 update -
Silver closed lower on Tuesday and the low-range close set the stage for a steady-to-lower opening on Wednesday. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends the decline off October's high, September's low crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a short-term low has been posted.
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With financial spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital. Please familiarise yourself with the risks that are involved and before trading, ensure that financial spread betting matches your investment objectives. Seek independent advice where necessary.
Spread Betting Analysis on Silver Bullion - edited by PipTrade, 13 January 2012.
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With spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital so please familiarise yourself with the risks that are involved and, before trading, ensure that spread betting matches your investment objectives. Seek independent advice where necessary.
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* Based on current UK tax law. Tax law may change and can differ depending on your personal circumstances.
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