 |
| Technical Analysis for Silver 17-8-2015 |
Silver moved last Friday in the average movement of 45 cent, its highest level at 15.60 and the lowest price at 15.15 and closed at 15.22 to lose 17 Cents according to Friday’s economic data.
Silver opened today's trading at 15.26 volatile between 15.21 and 15.31 during the Asian session trading at 10 Cents for the poor liquidity in the market range.
Silver moves in a series of up impulse waves inside the parallel price channel.
It is expected that the silver is heading targeting 15.40 as the target on time frame of four hours and until now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the economic data from the USA
Silver price moves over uncertain period. Hence it may create difficulty for the experts of market. Traders must follow MCX tis of Epic Research to make stock market prediction easy.
ReplyDelete