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| Technical Analysis for Silver |
Silver moved Last Friday in the average movement of 12 cent, its highest level at 15.79 and the lowest price at 15.52 and closed at 15.56 to Gain Just 1 Cent according to negative economic data from USA on Thursday and bank holiday on Friday
Silver opened today's trading at 15.70 to make a Gap with 4 cents After Greeks rejected the terms of the creditors through a yesterday’s referendum.
Silver moves in a series of down correction waves
It is expected that the silver is heading targeting 15.40 as the target on time frame of four hours and till now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 15.45 and 15.35 and 15.18
Resistance levels: 15.72 and 15.89 and 15.99
For More Technical Outlook FxStations
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