July 15, 2016

Silver support and resistance levels

  • Silver trying to stay above 4 hour cloud which will help silver bulls to extend this up move. Weakness only if price moves or closes below the cloud.
  • Weekly chart is approaching stiff resistance zone. 21.50 - 70 levels are previous resistance zone in this time frame. Price likely to consolidate below this level. For a bigger move on silver price must close above this zone.

No comments:

Post a Comment