With the ongoing war in the gold and silver markets continuing to rage, today King World News is pleased to share a piece of legendary technical analyst Louise Yamada’s “Technical Perspectives” report. Yamada is without question one of the greatest technical analysts Wall Street has ever seen. This information is not available to the public and we are grateful to Louise for sharing her incredible work with KWN readers globally.
Silver Spot price (SILV-16.16) has fared worse than Gold in that the recent year-long support at 18 was breached and nearly achieved the target at 15 (see Figure 36). The new breakdown suggests testing 15 and 14 at the 2003 uptrend. Resistance now lies at the broken support at 17-18.
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