Silver Trend Today Technical Analysis for 03-12-2019 17:00:04

by wealthmann

December 3, 2019

4

In 1 hour chart Silver price continues to trade at 44575 and above the (Exponential Moving Average)EMA200 value of 44477.2 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 44477.2 is proving a tough nut to crack.

Pivot (invalidation): 44233.3

Our preference: Long positions above 44389.7

Alternative scenario: Below 44050.7 look for further downside.

Support Resistance Levels For Silver Today at 03-12-2019 17:00:04

Pivot: 44233.3

Resistance 1: 44389.7

Resistance 2: 44572.3

Resistance 3: 44728.7

Support 1: 44050.7

Support 2: 43894.3

Support 3: 43711.7

Yesterday High Low Close For Silver

Yesterday High: 44416

Yesterday Low: 44077

Yesterday Close: 44207

Today at 03-12-2019 17:00:04 Silver trading at 44575 with high of 44685 and low of 44150