SILVER Depreciates Sharply Past Our Price Objective of US$ 17.46

Silver came off sharply against the US dollar today, pushing the pair to a new multi-year low. Australian and Asian names were seen hitting bids overnight and Silver tumbled more than 40 cents in less than one hour.

In a recent video, we identified a key downside limit level for Silver and it was elected today when $17.46 was given.

In our chart below, we can see the $17.46 level was absorbed en route to an intraday low of $17.35. 

Another downside target remains $15.66.

Today's Silver video details today's price activity on Daily, Weekly, and Monthly charts.

www.trademarketoptions.com
http://goo.gl/IxBJNJ