Silver Futures Technical Analysis & Trade Signals

Silver Futures Technical Analysis & Trade Signals

Silver Futures Technical Analysis

SILVER Technical Analysis: Weekly Chart

Silver Futures Technical Analysis

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

Silver Futures Technical Analysis

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:

TRADE SUGGESTION: BUY AT 26.058, TAKE PROFIT AT 27.838 AND STOP-LOSS AT 24.630

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