5 Jun 2015
Silver: Fade the bounce - BAML
FXStreet (Guatemala) - Analysts at Bank of america Merrill Lynch explained that Silver is set for a sell on bounce strategy.
Key Quotes:
"The year-to-date Silver consolidation is nearing its conclusion."
"Get ready for one last "e" leg up, which should not break the May-18 high at 17.79. We will look to sell that rally for a resumption of long-term downtrend to 13.36, secular t/line support."
Key Quotes:
"The year-to-date Silver consolidation is nearing its conclusion."
"Get ready for one last "e" leg up, which should not break the May-18 high at 17.79. We will look to sell that rally for a resumption of long-term downtrend to 13.36, secular t/line support."