Silver – Short term Outlook

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Chart courtesy of http://stockcharts.com

Silver has higher highs and higher lows since June and a good consolidation is in place for the last 20 sessions. Last high at 12.68 has been touched twice during this period and as Silver is showing strength it needs to breakout that level to stay on a really bullish situation. If not we may see some weakness before going up as I think it will.