Silver Trading Tips: Silver Technical Analysis and Trade Signals

Silver Trading Tips: Silver Technical Analysis and Trade Signals

Silver Futures Technical Analysis

SILVER Technical Analysis: Weekly Chart

Silver Technical Analysis

In the weekly charts, SILVER is trading below its previous upward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 21.275 and the resistance level is at 24.145

SILVER is trading outside and below its previous upward channel until there is a trend reversal.

SILVER Technical Analysis: Daily Chart

Silver Technical Analysis

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 oversold region which indicates a strong bearish pressure. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 22.225 and the resistance level is at 22.949

SILVER is trading in a downward channel until there is a trend reversal.

How to trade SILVER this week:

SILVER is trading outside and below its previous upward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 21.182, TAKE PROFIT AT 18.544, AND STOP LOSS AT 23.312

About Author

Related posts

Leave a Reply