weekly silver trend analysis

weekly silver trend analysis

weekly silver trend analysis

XAG/USD ( Silver ) prices cracked up with silver prices last friday and it closed below 15.90$ , silver price did not crash like gold but it closed below good support of 15.90$ , so now if silver price click our weekly support of 15.20$ and manage to close below our weekly technical support then expect silver to correct upto 14.30$ – 13.20$ .

If silver price click our daily resistance of 16.55$ and manage to close above our daily weekly resistance then expect silver to fire upto 17.30$ – 18.20$ .

Silver trend weekly analysis conclusion : Silver looking weak

More will update in daily silver update


Tags: , , ,

About mohdarafat

Technical analyst by profession deals in commodities, forex markets

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: