Silver Trend Today Technical Analysis for 16-01-2020 13:00:03

wp-header-logo-2060.png

In 1 hour chart Silver price continues to trade at 48567 and above the (Exponential Moving Average)EMA200 value of 46178.1 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 46178.1 is proving a tough nut to crack.

Pivot (invalidation): 47596.7

Our preference: Long positions above 47836.3

Alternative scenario: Below 47280.3 look for further downside.

Support Resistance Levels For Silver Today at 16-01-2020 13:00:03

Pivot: 47596.7

Resistance 1: 47836.3

Resistance 2: 48152.7

Resistance 3: 48392.3

Support 1: 47280.3

Support 2: 47040.7

Support 3: 46724.3

Yesterday High Low Close For Silver

Yesterday High: 47913

Yesterday Low: 47357

Yesterday Close: 47520

Today at 16-01-2020 13:00:03 Silver trading at 48567 with high of 48660 and low of 48441

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.