Technical Analysis For Silver Today 12-07-2019 22:00:04

by wealthmann

July 12, 2019

70

In 1 hour chart Silver price continues to trade at 38285 and above the (Exponential Moving Average)EMA200 value of 37790.4 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy 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 37790.4 is proving a tough nut to crack.

Pivot (invalidation): 38232.7

Our preference: Long positions above 38375.3

Alternative scenario: Below 37965.3 look for further downside.

Support Resistance Levels For Silver Today at 12-07-2019 22:00:04

Pivot: 38232.7

Resistance 1: 38375.3

Resistance 2: 38642.7

Resistance 3: 38785.3

Support 1: 37965.3

Support 2: 37822.7

Support 3: 37555.3

Yesterday High Low Close For Silver

Yesterday High: 38500

Yesterday Low: 38090

Yesterday Close: 38108

Today at 12-07-2019 22:00:04 Silver trading at 38285 with high of 38319 and low of 38065