empty
 
 
19.11.2015 03:08 PM
Technical analysis of Silver for November 19, 2015

This image is no longer relevant

Technical outlook and chart setups:

Silver managed to hold the level of $14.00. The metal should be looking for a counter-trend rally towards $14.60 and $15.00. As we can see here, the metal is just looking to break out of its resistance trend line. Immediate support seems to be coming in around $14.10 followed by $14.00, while resistance is seen at $14.50 followed by $15.00 and higher respectively. It is recommended to remain long on positions taken earlier with stop at $14.00, but refrain taking fresh longs.

Trading recommendations:

Remain long with stop at $14.00.

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