Technical Analysis For Silver Today 11-07-2019 20:00:04

by wealthmann

July 11, 2019

84

In 1 hour chart Silver price continues to trade at 38306 and above the (Exponential Moving Average)EMA200 value of 37715.8 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Silver continues to trade above level, that could be an extraordinarily Bullish sign for Silver

Even so, the 200-candle Exponential moving average (EMA) price range of 37715.8 is proving a tough nut to crack.

Pivot (invalidation): 38270.3

Our preference: Long positions above 38537.7

Alternative scenario: Below 38090.7 look for further downside.

Support Resistance Levels For Silver Today at 11-07-2019 20:00:04

Pivot: 38270.3

Resistance 1: 38537.7

Resistance 2: 38717.3

Resistance 3: 38984.7

Support 1: 38090.7

Support 2: 37823.3

Support 3: 37643.7

Yesterday High Low Close For Silver

Yesterday High: 38450

Yesterday Low: 38003

Yesterday Close: 38358

Today at 11-07-2019 20:00:04 Silver trading at 38306 with high of 38500 and low of 38223