Silver Bounces off Key Support

Fan Yang \ April 24th, 2014

XAG/USD (silver) has been sliding since tagging the 22 handle in February. This week silver consolidated by started to dip during the 4/24 session. As we got into the US part of the session, silver dipped below 19 briefly but bounced back up above this week’s high and is threatening the 20 handle, possibly looking to test last week’s high near 20.35. The sharp reversal from a new low on the week to a new high on the week can reflect exhaustion and suggest…

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