Silver May Extend Slide to Lowest Since June: Technical Analysis
This article is for subscribers only.
Silver, which slid the past three weeks in the worst run since July, may drop to the lowest level since June, according to technical analysis by MIG Bank.
Prices fell last week below a “key support” level at about $20.50 an ounce last seen on Aug. 9. The metal may drop toward about $18.23, the lowest since June 28, said Luc Luyet, a senior analyst at MIG in Lausanne, Switzerland.