Spot Silver Chart (NY Close): $29.47 // -0.47 // -1.56%

Prices broke support in the 29.62-89 area, marked by the 61.8% Fibonacci retracement and the June 6 high, exposing the 76.4% level at 28.28. A further drop below that aims for the June 28 2012 low at 26.11. Alternatively, a reversal back above 29.89 targets the 50% Fib at 30.71.

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