The 34.40 level is resistance level and 33.00 is acting as support. Silver has been range bound between these two levels since 26th January 2012. The overall trend is upwards at the moment since hitting the low of 26.00 and some change. Hopefully, the bulls can take silver past the tough resistance to resume it's upward momentum very soon! If it goes below the 33.00 level decisively, we can expect a short term reversal.
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