. Silver Technical Analysis - 07 September 2022

Silver Technical Analysis – 07 September 2022

07 Sep 2022

SILVER Technical Analysis: Weekly Chart

Silver Technical Analysis

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

Silver Technical Analysis

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

TRADE SUGGESTION- SELL AT 17.919, TAKE PROFIT AT 17.400 AND STOP LOSS AT 18.500