Silver Trend Today Technical Analysis for 16-01-2020 18:00:04

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In 1 hour chart Silver price continues to trade at 46541 and below the (Exponential Moving Average)EMA200 value of 46579.5 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Silver continues to trade below level, that could be an extraordinarily Bearish sign for Silver

Even so, the 200-candle Exponential moving average (EMA) price range of 46579.5 is proving a tough nut to crack.

Pivot (invalidation): 46230.3

Our preference: Long positions above 46579.7

Alternative scenario: Below 46010.7 look for further downside.

Support Resistance Levels For Silver Today at 16-01-2020 18:00:04

Pivot: 46230.3

Resistance 1: 46579.7

Resistance 2: 46799.3

Resistance 3: 47148.7

Support 1: 46010.7

Support 2: 45661.3

Support 3: 45441.7

Yesterday High Low Close For Silver

Yesterday High: 46450

Yesterday Low: 45881

Yesterday Close: 46360

Today at 16-01-2020 18:00:04 Silver trading at 46541 with high of 46555 and low of 46164

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