Technical Analysis For Silver Today 16-07-2019 16:00:04

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In 1 hour chart Silver price continues to trade at 38787 and above the (Exponential Moving Average)EMA200 value of 37954.4 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 37954.4 is proving a tough nut to crack.

Pivot (invalidation): 38515.3

Our preference: Long positions above 38772.7

Alternative scenario: Below 38375.7 look for further downside.

Support Resistance Levels For Silver Today at 16-07-2019 16:00:04

Pivot: 38515.3

Resistance 1: 38772.7

Resistance 2: 38912.3

Resistance 3: 39169.7

Support 1: 38375.7

Support 2: 38118.3

Support 3: 37978.7

Yesterday High Low Close For Silver

Yesterday High: 38655

Yesterday Low: 38258

Yesterday Close: 38633

Today at 16-07-2019 16:00:04 Silver trading at 38787 with high of 38865 and low of 38563

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