SILVER: WEEKLY SCENARIO – 21 February 2022

SILVER Price Technical Analysis

SILVER Price Technical Analysis: Weekly Chart

SILVER Price Technical Analysis
  • In the weekly charts, Silver is trading in an upward channel.
  •  Silver is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  • Silver will follow an uptrend in the coming weeks.
  • The Silver crucial support level is at 23.395 which is near 20 days SMA as of now. There are no signs of a bearish trend.
  • Bulls have their tight grip on Silver .

TRADE SIGNAL- Silver– Buy: 23.900, TARGET:-24.100, STOP LOSS:- 23.800.

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