XAG USD weekly-support 14.8 resistance 15.8

XAG USD Weekly chart 9 april 2016 XAG/USD or comex silver this week closed with gain at 15.21$.   Silver weekly chart price trend is down but momentum is on recovery side.   On downside 14.8$ is strong support and on upside 15.8$ is strong resistance.   For next week, comex silver outlook is bearish as reversal from 50 weeks ema signals trend is still weak and might resume after bounce back.

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Pramod Baviskar

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