Silver prices leap 1.65% closiing near day's high

July 8, 2013

NEW YORK (July 8) September silver futures prices closed near mid-range Monday. Silver bears still have the solid overall near-term technical advantage. Prices are in an eight-month-old downtrend on the daily bar chart. Bulls’ next upside price breakout objective is closing prices above solid technical resistance at last week’s high of $20.075 an ounce. The next downside price breakout objective for the bears is closing prices below solid technical support at the June low of $18.17. First resistance is seen at today’s high of $19.265 and then at $19.50. Next support is seen at Monday’s low of $19.67 and then at $19.50.

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