Silver Futures Technical Analysis & Trading Tips

Silver Futures Technical Analysis

SILVER Price Technical Analysis: Weekly Chart

Silver Futures Technical Analysis

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

Silver is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.

Silver will follow an uptrend in the coming weeks.

The  Silver crucial support level is at 25.557 which is near 20 days SMA as of now. There are no signs of a bearish trend.

Silver is trading above the moving averages of 20 & 50.RSI which is 53.47 suggests Silver to move in  a Positive  Direction

The bulls have their tight grip on Silver.

TRADE SIGNAL-  SILVER– Buy: 24.750, TARGET:-25.750; STOP LOSS:- 24.250.

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