Silver Price Technical Analysis – 13 September 2022
13 Sep 2022
SILVER Technical Analysis: Weekly Chart
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
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.