January 25, 2017

SILVER Trend update

  • Silver near crucial support zone as shown in last chart. Support zone is at 16.74. Price is also trying to stay above 4 Hour cloud and 100 Period SMA for the same time frame.
  • Price closing below the cloud and 16.74 may start a down swing in this time frame. On the contrary if price holds on to 100 Period SMA or the cloud base an up move is possible from here.
  • ES Analysis after closing bell

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