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| Technical Analysis for Silver |FxStations |
Silver moved yesterday in the average movement of 45 cent, its highest level at 16.19 and the lowest price at 15.73 and closed at 15.81 to lose 33 cents According to positive economic data from USA
Silver opened today's trading at 15.82 volatile between 15.76 and 15.87 during the Asian session in a trading average of 11 cents for the limitation of the market liquidity
Silver moves in a series of down correction waves about breaking the price channel.
We saw yesterday the silver closed to our target at 15.70
It is expected that the silver is heading targeting 15.47 as the target on time frame of four hours and till now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 15.63 and 15.45 and 15.17
Resistance levels: 16.09 and 16.37 and 16.55
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