Articles
-
SILVER - Weekly Report
The price broke 76.4% correction at 18.20 levels as showing on the weekly graph, as it broke a sideways triangle formation to the downside, which is very negative and could trigger another downside move targeting 13.15 in the upcoming period. Intraday today and this week, trading below 18.20 leads to testing 16.72 and perhaps further towards 16.27.
In fact, all the negative expectations require stability below 19.20, but stabilizing below 18.20 keeps the negative possibility valid intraday.
Support 17.24 17.02 16.72 16.27 15.64
Resistance 17.80 18.00 18.20 18.57 18.89
Recommendation
The outlook is negative below 18.00, risk-limit above 19.00.Note: Recommendation at the top
Read full article
-
Authorized Person for MEX NEPAL
Mob: +977 9856030634 -
Biratnagar Branch Manager
Mob: +977 9852033934 -
Our Clearing Member
-
Our Banking Partners
-
-
-
