26 Apr
SILVER Technical Analysis: Weekly Chart
In the weekly charts, SILVER is trading in an upward channel.
It is trading below all SMAs: MA (5), MA (20), and MA (50).
The immediate support is at 23.086 and the resistance level is at 26.722
SILVER is trading in an upward channel until there is a trend reversal.
SILVER Technical Analysis: Daily Chart
In the daily charts, SILVER is trading below its previous upward channel.
It is trading below all SMAs: MA (5), MA (20), and MA (50).
The immediate support is at 23.366 and the resistance level is at 24.128
SILVER is trading outside and below its previous upward channel until there is a trend reversal.
How to trade SILVER this week:
SILVER is trading in an upward channel until there is a trend reversal and the following opportunity can be taken when the trend reverses:
