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silver bounced back yesterday, after they had fell in the previous day rallied in the previous few days. The uncertainly in the financial markets is still high and we are nearing the end of the month – as the short term future contracts are about to expire, so silver may change direction throughout the day
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t now i have two open positions in silver and both sell orders. and silver is green at the moment. and i could nt access my account right now, but i expect the price will be in my favour after opening of the london and europea n sessions. i have no means to manually close the positions but the targets had already been set
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Silver in strong sell trend today and i give you Silver price movement prices.
Silver today support aor resistance level details.
See the prices of Silver give below ------------------------
Resistance levels: R1: $14.50 R2: $14.40 R3: $14.30.
Support levels: S1: $14.00 S2: $13.90 S3: $13.80.
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Silver is still around the main resistance of the downside movement, without providing any breach of this resistance at 29.05. But, the formation of the double bottom pattern prevents us from expecting the return of the downside movement since silver is not below 28.10 anymore. In addition, we cannot expect an upside move due to the strength of the mentioned resistance levels. Therefore, we remain neutral for the rest of the session today.
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As shown above on the 4-hour interval, we find the silver reversed to the downside, while the metal attempts to settle again below EMA 20, which weakens the formation of the double bottom pattern and strengthens the effect of the descending channel. RSI attempts to confirm the breach of the 50-point level. Therefore, we expect a downside movement during the rest of the session today, taking into consideration that a breach of 29.05 might significantly bring the positivity back.
Recommendation : Based on the charts and explanations above, our opinion is selling silver around 28.00 and taking profit in stages at 27.45, 27.20 and 26.15 and stop loss below 29.05 might be appropriate
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Silver or XAGUSD on my look till now still to be more bearish - this bearish look strong again after the price can break more down again to the 23.6 fibo (27.86) - if that happen = yes, I see the nice sell till max. TP to near that Low fibo again (26.76). But as long as the price still move above that 23.6 fibo = wait and see here could be better choice first, I see.
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Silver price provided clear positive trades yesterday to breach 14.30 level and settles above it, which reactivates the intraday bullish trend scenario, targeting testing 14.73 level mainly.
Therefore, the bullish bias will be suggested for today unless breaking 14.15 and holding below it.
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today Live Silver metal price rate
Aaj in ki price selling price zyada se zyada 14.125 aur buy zyada se zyada 14.178 hay
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Now this is the best time to invest in gold and silver becuse in next few days EU recovery started and than we will see a rise in prices again today i make an investment in gold and hope that i will get positive result. Keep in mind you must make your mind to complete big trade in next two months than this will give you a lot.
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my analysis of today Silver
Resistance and Supporting level today,s
Today Trend is:bullish
Resistance level today,s is
First Resistance is:14.31
Second Resistance is: 14.39
Third Resistance is: 14.48
Supporting levels today,s is
First Support is: 14.16
Second Support is:14.09
Third Support is:13.98