LiteForex - Analytics

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    XAG/USD: analysis and forecast on 03.04.2015

    Silver started to decline at the beginning of this week and reached a level of 16.50 on Tuesday, which coincides with 38,2% Fibonacci retracement level and currently represents a powerful support line. Bears have unsuccessfully tried to overcome this level several times. After having corrected to a level of 17.00 and having failed to consolidate near it, the price got back to a level of 16.75 at which trades closed finally. 

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