Silver

Silver is still falling trend is doing best what makes us not think of anything else but to sell the metal

http://www7.0zz0.com/2012/07/20/11/107657641.png

The demand for the commodities increased due to positive quarterly reports from a number of U.S. companies which improved stock market sentiment. The Silver’s September futures strengthened up by 1.54 % to $ 27.59 per troy ounce today on the COMEX

http://i46.tinypic.com/1qrclw.gif

The short term trend of the silver is to the upside. Intraday trading range of the Silver is expected among key support at 26.00 and key resistance at 28.50. Based upon my chart analysis, I prefer to stay aside from the Silver until we get a confirm setup for the upcoming big move.

I think silver trading is very popular according to the metal trading, up and down of this metal is very high if we ant to trade with it then we should invest a big amount in our account for giving back up of our account balance.

Silver closed metal candle bearish week, a small candle on the frame daily candle close pair has become an emerging pair is close to the falling trend will either complement or breaks down trend and is heading for the rise strongly

http://www13.0zz0.com/2012/07/22/18/271750585.png

silver is getting resistance at the level of 17.60 and until that level is surpassed i dont think we should buy at these levels though dips - 26.80 should work as a good support but if that is broken the bias will turn more negative.

http://i48.tinypic.com/14mxpgx.gif

The short term trend of the Silver is to the upside. Intraweek trading range of the Silver is expected among key support at 26.00 and key resistance at 28.50. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

Silver may be down to the 26.57 level, from there, the correction is likely to occur before the silver will resume its bearish trend.

The metal has been fluctuating heavily within a tight range, attempting to resume the overall bearish trend after testing the descending resistance However 26.00 level has been forming a strong support and downside barrier, where if broken will signal a major bearish continuation scenario

Daily pivot (27.01), if the level is successfully broken, then the possibility of silver going down towards the 26.68 level. But if it fails, silver likely to rise towards the 27.33 level.