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| Technical Analysis for Silver 27-7-2015 |
Silver moved last Friday in the average movement of 35 cent, its highest level at 14.72 and the lowest price at 14.36 and closed at 14.67 to Gain seven Cent according to Friday's economic data.
Silver opened today's trading at 14.70 volatile between 14.58 and 14.73 during the Asian session trading at 15 Cents for the poor liquidity in the market range.
Silver moves in a series of down correction waves below the trend line
We saw the silver achieved our target at 14.50
It is expected that the silver is heading targeting 14.48 as the target on time frame of four hours and until now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from the USA
Support levels: 14.44 and 14.22 and 14.08
Resistance levels: 14.80 and 14.94 and 15.16
More Technical Outlook FxStations
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