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Silver seen rallying to $25 after plunge: Technical Analysis

Posted on 30 May 2013

Silver may climb toward $25 an ounce after prices rebounded from the lowest level since September 2010, according to technical analysis by Commerzbank AG.
Prices slumped last week to test the support area of $19.49 to $20 before rebounding in a bullish reversal, technical analyst Axel Rudolph wrote in a report dated yesterday. That support zone consists of the psychological $20 level, the May 2010 high and the December 2009 peak, he said………………………………………..Full Article: Source


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