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Commerzbank reasserts bullish bias for silver


graphic representation of an angry silver bull

“Given that the spike lower is viewed as an exhaustive move, we will for now maintain our longer-term bullish bias. Initial resistance is the $24.46 the 27th July low but tougher resistance is not encountered until 26.07, the current August high.”

USAGOLD note: Hopeful signs from Commerzbank …… Meanwhile, trading in the silver market has been volatile with major swings up and down a regular occurrence. It’s been a long time since we’ve seen the word “bullish” anywhere near the word “silver.”


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