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Silver Daily Analysis


pepy

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Stochastic today indicated that the price of Silver is in the oversold area and combined with Doji pattern yesterday it seems the price may have chance to buid morning doji start if today's candle make solid bullish. So my prediction is that today there will be reversal bullish that take price to higher level.

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  • 2 weeks later...

Oversold zone has been touched by stochastic it indicated the price might try to correct the price or even better will rise Silver price to the higher level. Also the price still above support 13.898 and cannot break it giving more indication technically silver will rise.

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  • 2 weeks later...

Trend is not clear since MA100 and MA20 showing bearish crossover, and later seems will be affected by Fed rate news however technicall Silver has chance to rise, not to mention with its morning star and also the price which are moving near oversold zone based on KDJ and Stochastic

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  • 1 month later...

Silver managed to make a breakout of triangle pattern once passsed MA100 yesterday. Silver is now likely to continue the movement and test the resistance level at 14 626. Break will encourage as the strengthening continues, while failure will make silver go into a correction phase.

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