. Silver Price Technical Analysis - 13 September 2022

Silver Price Technical Analysis – 13 September 2022

13 Sep 2022

SILVER Technical Analysis: Weekly Chart

Silver Price Technical Analysis

In the weekly charts, SILVER was trading in a down channel. SILVER is currently trading below all SMA except MA (5).

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 18.500 the resistance level is at 19.900

SILVER was traded in a down channel before there is a breakout upside.

SILVER Technical Analysis: Daily Chart

Silver Price Technical Analysis
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In the daily charts, SILVER was trading in a down channel. SILVER is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 19.55 the resistance level is at 20.00

SILVER was traded in a down channel before there is a breakout upside.   

How to Trade SILVER this Week:

SILVER will follow the downtrend until its trend reversal. So, remain bearish on SILVER.

TRADE SUGGESTION- SELL AT 19.693, TAKE PROFIT AT 19.400 AND STOP LOSS AT 19.900