Silver

Silver finally showed at least some movement, a tendency to increase the dollar continues, the price went up to a strong support level of 26.98 (27.00), I still watch what would happen if the price is going to stop buying, but if this level is then burst only in the sale.

Well it is quite difficult to predict where the actual support will be found this time, it would depend mostly on news - we really need some positive news for recovery. Still i feel it would be a good bargain buy if we could get silver around 25 level.

The MACD histogram is simply no place to fall. Stochastic Oscillator is also in deep oversold, but looking at the chart will say that an asset has drawn resistance at 27 and keep it nice, so I am preparing for a new wave incidence on the objective of the U.S. session .. 26.00

Silver is commodities it is quite different then the currency trading because here trader have to be expert trader ,in this commodities have high fluctuation like 800 pips in one day which is very high,So i think new trader should not trade with this.

If we analyze the daily chart we can see that the silver came to a number of strong long-term levels of support 26.27, is not very hard to believe that the price in force to overcome these obstacles, but if you happen to break, then to fall to 20.00.

Yes, the silver market in the months of succession is determined tumble into down, now the price comes to a very important level of 26 dollars. at least over the last year, when prices break through below, where there is a fall. next stop in the vicinity of 19 dollars ..

The main trend of the silver in the downhill, the price today was able to break through the strong level of support 27.20, and continues to make new lows the month of purchase as long as you can remember, my goal is still around 25.00.

Silver as I expected it to me in the last response to land price fell yesterday, which is now firmly at previous support levels

http://hh7.an3m1.com/Sep/an3m1.com_91148f1b2f1.png

Silver is bearish currently and we should stay away of it until we see big upward move, at least we should avoid long positions weekening eocnomies and pre-symptoms of another recession may force silver to break 25$ sentimental level.

weekly


the trading range for this week is expected among the key support at 25.00 and key resistance at 30.00
the short-term trend is to the upside with steady weekly closing above 26.00 targeting 50.00