empty
 
 
19.06.2015 08:11 AM
Technical analysis of Silver for June 19, 2015

This image is no longer relevant

Technical outlook and chart setups:

Silver is trading at $16.15 levels for now after yesterday's pullback lower to $16.50. The metal has already bounced off from its trend-line support earlier and formed the bottom at $15.80. Bulls should remain in control until prices stay above at least $15.80. It is hence recommended to remain long for now and also look to add on intraday dips ahead of $15.80/90. Immediate support is seen at $15.80 (interim) followed by $15.60, $15.30 and lower while resistance is seen at $17.20 followed by $17.70/80 and higher respectively.

Trading recommendations:

Remain long for now, stop is at $15.30,a target is open.

Good luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback