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Chart of the Day: Silver surfer

Source - FxWirePro, FXCM

Silver flew past $20/troy ounce area to trade as high as $21.17/troy ounce. We suspect a major shift in trend, especially in the precious metals market.

We have been bullish on Gold from $1060/troy ounce but was late in silver. Nevertheless, our call to buy silver at $16.7/troy ounce and at dips has reached all the target. Now we have extended the target to $26.

But if a major shift in trend is here Silver may a lot higher.

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