Silver also now be in the corridor movement ... volantilnost little, but I think if the foothold below 27 dollars and the market may perk up some interesting movement ...
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Silver also now be in the corridor movement ... volantilnost little, but I think if the foothold below 27 dollars and the market may perk up some interesting movement ...
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal
http://i46.tinypic.com/311vrdx.gif
The silver is still on bearish track as the price still move below the 20 Day MA and also the price move almost below that lower Bollinger band 20 SD1. The silver becomes more bearish if the price move below the 23.6 fib line (26.83). If that happen then there is a nice setup for sell the silver.
Silver tries to test the daily pivot (4.27), but if it got through, silver will be captured by LWMA100. So I think silver will likely turn down after touching the pivot. Possible decline will occur, to touch 26.21.
Silver metal closed yesterday bearish candle closed below support levels and returned today to re-test, which make us think about selling more than buying
http://www13.0zz0.com/2012/07/11/10/324438567.png
http://i48.tinypic.com/25kqumg.gif
Yesterday the bulls pullback the price but the bulls are still weak because the price still move below the 20 Day MA , So here we can say that this is just a bulls correction. If any one try to buy so just make sure to place the small target profit according to the price condition.
Past some sessions silver is making lower high and lower lows that is bearish signal, thing to disappoint is silver is not able to rightly follow gold this time and when gold rises silver do not act that strong but follow well when gold comes down. For that reason gold is still looking safer then silver.
Silver closed the week bullish candle but we have to wait to break the downtrend on the frame as well as the daily closing levels above resistance at 27.58
http://www6.0zz0.com/2012/07/14/18/218147011.png
The price of silver on the H4 chart quickly broke through the upper limits and tends to resist what is the previous maximum of 27.56 USD.
While the next support now falls in the region of U.S. $ 27.08 and can be tested at the time of the short-term correction of the dynamic growth.
Past some sessions silver is making lower high and lower lows that is bearish signal, thing to disappoint is silver is not able to rightly follow gold this time and when gold rises silver do not act that strong but follow well when gold comes down. For that reason gold is still looking safer then silver.