SILVER Technical Analysis: Weekly Chart

In the weekly charts, SILVER is trading in an upward channel.

It is trading below MA (5) but above MA (20) and MA (50).

The immediate support is 23.374 and the resistance level is at 25.954

SILVER is trading in an upward channel until there is a trend reversal.

SILVER Technical Analysis: Daily Chart

In the daily charts, SILVER is trading above its previous downward channel.

It is trading above all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 24.521 and the resistance level is at 25.353

SILVER is trading outside and above its previous downward channel.

How to trade SILVER this week:

SILVER is trading in an upward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: BUY A 25.926, TAKE PROFIT AT 27.820 AND STOP-LOSS AT 24.528