Silver has lagged Gold and has been under pressure with the rest of the base metals. 19.334 is a key support, if it holds then it should be ready to move up again. If it breaks, it will be a bearish sign for Silver. So far, its holding above the support. In the daily chart, oscillators gave a positive indications on RSI, stochastic is still likely to give. The falling channel trend line is at 20.45, a close above which would gave a breakout and a further up move, cmp $19.53
Support- 19.650, 19.450
Resistance- 19.840, 19.872 20.35
The material has been provided by InstaForex Company – www.instaforex.com
Silver has lagged Gold and has been under pressure with the
rest of the base metals. 19.334 is a key support, if it holds then it should be
ready to move up again. If it breaks, it will be a bearish sign for Silver. So
far, its holding above the support. In the daily chart, oscillators gave a
positive indications on RSI, stochastic is still likely to give. The falling channel trend
line is at 20.45, a close above which would gave a breakout and a further up
move, cmp $19.53
Support- 19.650,
19.450
Resistance- 19.840, 19.872 20.35
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