Silver Forex Technical Analysis for June 8, 2016

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Silver Forex Technical Analysis for June 8, 2016

The silver market fell initially during the course of the day on Tuesday, but turned back around to form a hammer. The $16.20 level below is supportive, and as a result it looks as if the market will more than likely go higher, and if we can break above the top of the hammer, the market should find plenty of interest as the US dollar has been taking a beating. If we broke down below the bottom of the hammer, that would have us rethinking the entire situation.

Courtesy: http://www.fxempire.com/technical/technical-analysis-reports/silver-forecast-june-8-2016-technical-analysis-342633

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