empty
 
 
26.06.2015 06:56 AM
Technical analysis of Silver for June 26, 2015

This image is no longer relevant

Technical outlook and chart setups:

Silver is trading around $15.85 at the moment, looking for an opportunity to break higher. A push through $16.25/30 would confirm that the metal has hit a higher low at $15.75 and that it would continue moving towards higher highs and higher lows. It is still recommended to hold long positions with risk at $15.30. Immediate support is seen at $15.75 (interim) followed by $15.60, $15.30, and lower while resistance is seen at $16.40 followed by $17.20, $17.70, 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
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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 $10000 more!
    In January we raffle $10000 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