Silver Prices Staying High

Apr. 20, 2016 09:39AM PST

Silver prices stayed close to an 11-month high on Wednesday, DailyFX reported. As quoted in the publication: The short-term trend remains bullish above the April 13 low of $16.02, while yesterday’s high of $17.25 is a near-term resistance level. One of the factors cited as supporting silver prices while gold has remained trapped to its …

Silver prices stayed close to an 11-month high on Wednesday, DailyFX reported.
As quoted in the publication:

The short-term trend remains bullish above the April 13 low of $16.02, while yesterday’s high of $17.25 is a near-term resistance level.
One of the factors cited as supporting silver prices while gold has remained trapped to its range of around two months, is relative positioning between silver and gold.
U.S. Existing Homes Sales are on deck today and expected to rise by 3.9% MoM from -7.1% in February.

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