Silver closed lower on Wednesday but the mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it renews this year's rally, weekly resistance crossing is the next upside target.
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- Also read: DAILY KITCOMMENTARY FOR: Dec. 23, 2010
- Also read: Gold -Daily Technical Forecast
- Also read: Crude Oil - Oil Prices Climbing Towards $91 a Barrel
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