Slowdowns will help price rebound

Silver Investing News reports silver price is holding on this year.

The silver price is holding well above its $10.50 support level, but facing strong resistance at $11.60. According to The Oil N’Gold Team, the outlook for silver “remains mixed with conflicting indicators.” If silver falls back below $10.10 it will signal that a rebound from $8.40 is over and the price is retesting new lows. On the flipside, if silver breaks $11.77 we may see silver rally towards a $13.88 resistance level, said the team.