empty
 
 
30.06.2015 07:56 AM
Technical analysis of Silver for June 30, 2015

This image is no longer relevant

Technical outlook and chart setups:

Silver is trading around $15.70 levels now after bouncing off from intraday lows at $15.60. The metal has retraced from yesterday's highs and seems to be ready to resume its rally towards $16.40 and $16.90. Bulls should be poised to remain in control until prices stay above yesterday's lows ($15.50). It is hence recommended to remain long and also look to add further at current levels with risk at $15.30. Immediate support is seen at the level of $15.50 followed by $15.30 and lower while resistance is seen at $16.30/40 followed by $17.20/30 and higher respectively.

Trading recommendations:

Remain long for now, stop is at $15.30, targets are at $16.40 and $16.90.

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 $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