My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 30, 2012
SILVER Support and Resistance levels
SILVER Weekly chart shows the current range of Silver between 23.6% and 38.2% Fibonacci level.
Right now price is testing 23.6% Fib level. If this level is held an up move can be seen.
4 Hour charts show resistance at 50 period SMA and Ichimoku cloud. These levels has to break on the upside for a possible move towards 38.2% Fib level which is the range top. Breaking below 31.45 will extend the correction.
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