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

by wealthmann

December 4, 2019

5

In 1 hour chart Silver price continues to trade at 44715 and above the (Exponential Moving Average)EMA200 value of 44504.2 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 44504.2 is proving a tough nut to crack.

Pivot (invalidation): 44706.7

Our preference: Long positions above 45263.3

Alternative scenario: Below 44428.3 look for further downside.

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

Pivot: 44706.7

Resistance 1: 45263.3

Resistance 2: 45541.7

Resistance 3: 46098.3

Support 1: 44428.3

Support 2: 43871.7

Support 3: 43593.3

Yesterday High Low Close For Silver

Yesterday High: 44985

Yesterday Low: 44150

Yesterday Close: 44985

Today at 04-12-2019 17:00:04 Silver trading at 44715 with high of 45100 and low of 44715