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August 29, 2012

Silver Coiling Under a Key Declining Resistance Trendline

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Silver has been on a tear since breaking above consolidation resistance at 28.43. In August, it has rallied from a low near 26.70 up to 31.24 this week's high made on Monday (8/27). It has since starting coiling, as the 1H chart shows, falling between converging near-term support and resistance. You... FF News: Technical

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