Silver (XAG/USD) Analysis, Price and Charts

London (Oct 19)  Silver continues to grind higher and is now making a breakthrough a short-term resistance trendline started at the beginning of September. This trendline has held firm over the last six weeks with no daily close and above trend seen. Silver is making a fresh attempt to break this trendline today and is finding fresh impetus off the supportive trendline that started on September 24. These two trendlines are close to joining at the apex, helping to force a breakout. The move higher is also being supported by the 20-day simple moving average.

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