- Silver one hour chart shows immediate support and resistance levels.
- Daily chart shows bulls trying to stay above 200 Day SMA
- Bigger time frames are looking weak. Weekly cloud is acting as stiff resistance.
May 28, 2015
SILVER Tests 200 Day SMA
Nifty chart analysis
- 20 Day SMA and 8325 levels are crucial for bulls to hold above on closing basis.
- Bears are looking at RSI to become overbought and a falling resistance line.
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