SILVER Technical Analysis and How To Trade Silver
28 Jun 2022
SILVER Technical Analysis: Weekly Chart
In the weekly charts, SILVER is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is trading below zero which indicates bearishness.
The immediate support is at 20.300 and the resistance level is at 22.290
SILVER is trading in a downward channel until there is a trend reversal.
SILVER Technical Analysis: Daily Chart
In the daily charts, SILVER is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is trading below zero which indicates bearishness.
The immediate support is at 20.545 and the resistance level is at 21.895
SILVER is trading in a downward channel until there is a trend reversal.
How to trade SILVER this week:
SILVER is trading in a downward channel until there is a trend reversal and the following opportunity can be taken: