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Thread: Silver

  1. #783
    Senior Member turabawan8 is on a distinguished road turabawan8's Avatar
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    NZD/USD establishing session highs near 0.8229

    The NZD has rallied strongly overnight following the reiteration of the RBNZ to keep its interest rates pegged at 2.5%. After rebounding from the 0.8113 level (October 23 low), the NZDUSD has again regained the 0.8200 level, and has settled in the region of 0.8229 region at the time of writing.

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    The short term trend of the Silver is to the upside. Intraday trading range of the Silver is expected among key support at 31.00 and key resistance at 33.30. Based upon my chart analysis, I prefer to buying the Silver around 31.55 with targets 32.40 then 33.20 and stoploss with four hour candle closing below 31.20.

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    Silver technical analysis for 25.10.2012 by using : auto pivot indicator.

    resistance 3:32.51
    resistance 2:32.27
    resistance 1:32.00

    pivot point:31.76

    support 1:31.49
    support 2:31.25
    support 3:30.98

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    Senior Member nurdiantofxwave will become famous soon enough nurdiantofxwave will become famous soon enough nurdiantofxwave's Avatar
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    Silver move up from daily pivot level (31.76). Price success move up since american market session yesterday after touch weekly support 1 level (31.51). This condition make silver move with positif sentiment and it estimated will continue go up again.

  5. #779
    Senior Member ispgamer is on a distinguished road ispgamer's Avatar
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    The Silver on look to bulls first (although just for bulls correction - because the big trend on bearish). This bulls correction - nice can be see if then price (from bottom) on today move can break up to that 23.6 fibo (31.94). But, on other hand, just be aware about price to sideways (first) as long as the price move slow bellow that 31.94 and above the Low Fib (31.51).

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  6. #778
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    Today silver was seen coperating with gold and other metals but maintained the support at 31.50. Until this support is broken which i dont think is easy, we can expect 32 and 32.5 level breaking this support on other hand may show us 31 and 30 levels.
    Buying at 31.70 level is good risk reward ratio for the target of 32 and 32.5 and stop loss below 31.50.

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    Senior Member winstead will become famous soon enough winstead will become famous soon enough winstead's Avatar
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    Short-term on silver began showing signs of decline, but resistance is now located at 32.50 area needs to be penetrated to confirm the bullish setback.

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  8. #776
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    Since yesterday silver is prisoned in the range 31.50-32, now it is again striving to 32, should it manage to cross this level i shall like again to long for the target 32.50-33, 31.50 should work as key support below which i would think to short.

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  9. #775
    Senior Member Emma is on a distinguished road Emma's Avatar
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    Silver begun supplying the first signs of a turn north, first-rate failed to strengthen below 31.70 support (her again back above this level), the couple almost broke gliding alligator MASD also on a larger graph formed divergence forward growth.

  10. #774
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    silver price achieved strong a fraction of the level of 31.80 and steady daily closing below it, to do scenario further bearish correction intraday term, where there is the next target at 30.70

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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