Silver Weekly Technical Analysis – March 04, 2022

silver technical analysis

SILVER Price Technical Analysis: Weekly Chart

silver 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 23.933 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: 25.250, TARGET:-25.550, STOP LOSS:- 25.100.

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