Sunday, August 17, 2014

Daily Silver Technical Update and Forecast(17 August 2014)

Silver Daily Technical Analysis and Outlook:


Our previous updates pointed out towards the nearing completion of the upward price action. Correction towards the 20.40 - 20.00 was expected but the correction so far has been greater than expected (Current price : 19.56). A breach of 19.15 - 19.00 will change the medium term trend from bullish to neutral( with a bearish tilt).  Support19.28         
Happy Trading..


Monday, June 23, 2014

Thursday, June 19, 2014

Daily Silver Technical Update and Forecast(19 June 2014)

Silver Daily Technical Analysis and Outlook:

The support zone mentioned in our previous post was a vital price point and prices so far have made

Tuesday, June 17, 2014

Daily Silver Technical Update and Forecast(17 June 2014)

Silver Daily Technical Analysis and Outlook:


The 18.69-18.20 zone so far has been holding the lows. Prices seem to be forming a base around this region.

Tuesday, May 6, 2014

Daily Silver Technical Update and Forecast(5 May 2014)

Silver Daily Technical Analysis and Outlook:


Prices recently reached a low of 18.85 and strongly retraced back to 19.68. The price zone at 18.69-18.20 remains an important price area. A break of this zone would give way for much lower prices with the initial target being 17.25-17.05 zone. On the daily price chart we have a morning star candlestick pattern formation which portends a bullish move ahead. The low of the pattern is at 18.85 close enough to the 18.69-18.20 price area which has contained all the major lows since July 2013. At this juncture the initial target for the upside move is at the 20.40 level.
P.S:However at this point of time we consider the bearish case to be an alternative scenario.
Happy Trading..