Thursday, August 20, 2015

More Technical Outlook For Sliver 20-8-2015

More Technical Outlook For Sliver 20-8-2015
More Technical Outlook For Sliver 20-8-2015


Silver moved yesterday in the average movement of 54 cent, its highest level at 15.35 and the lowest price at 14.81 and closed at 15.32 to gain 41 Cent according to yesterday’s economic data.


Silver opened today's trading at 15.32 volatile between 15.35 and 14.81 during the Asian session trading at 20 Cent for the poor liquidity in the market range.

Silver moves in a series of up corrective waves inside channel.

It is expected that the silver is heading targeting 15.50 as the target on time frame of four hours and until now we see the Bulls control on market direction

And the Relative Strength Indicator "RSI" show us accumulation operations at the market.

Support levels: 14.97, 14.62 and 14.43
Resistance levels: 15.51, 15.70 and 16.05
More Technical Outlook FXS

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