SILVER Technical Analysis: Weekly Chart
In the weekly charts, Silver is 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 17.600 & the resistance level is at 19.500
Silver will trade in a down channel until there is a trend reversal.
Silver Technical Analysis: Daily Chart
In the daily charts, the silver is trading in a down channel. Silver is currently trading below all SMA.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 17.800 & the resistance level is at 18.500
Silver will trade in a down channel until there is a trend reversal.
How to Trade Silver this Week:
Silver will follow the downtrend until its trend reversal. So, remain bearish on Silver
