05 Apr
SILVER Technical Analysis: Weekly Chart
In the weekly charts, SILVER is trading within a rectangle pattern.
It is trading below MA (5) but above MA (20) and MA (50).
The immediate support is 23.620 and the resistance level is at 25.925
SILVER is trading within a rectangle until there is a breakout or a breakdown.
SILVER Technical Analysis: Daily Chart
In the daily charts, SILVER is trading within a downward channel.
It is trading above MA (5) and MA (50) but below MA (20).
The immediate support is 24.140 and the resistance level is at 25.510
SILVER is trading within a downward channel until there is a trend reversal.
How to trade SILVER this week:
SILVER is trading within a rectangle pattern until there is a breakout or a breakdown. However, the following opportunities can be taken if there is a breakout:
