AdrianRaymondFX

Silver's testing a daily/weekly pivot

FX:XAGUSD   Silver/U.S. Dollar
$18.50 has been a critical technical level since June 2013, and we may see silver             prices stall at this resistance today. If so, prices may fall back to the 200-DMA (currently $28.44), and any break below that would suggest a further decline to possibly $16 over the medium term. On the upside, a new break above $18.50 could trigger enough bullish momentum to push prices back up to around $20.00 within a week to a week and a half's time. $20.60 remains a major resistance level to eventually breach before bulls can start really anticipating a gradual rise back to $25.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out