Silver

Silver 8/20/2018 9:25:00 AM
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Technical outlook

Silver daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. As per the technical aspects of the pattern, the market is expected to retest the same and turn bullish, which upside rally could be testing all the way through 37050-37300 and furthermore levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 36650 then it might continue in bearish momentum. The downside rally could test 36500-36300 levels. Key resistance holds at 37500.


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Technical Chart:
silver-chart
Silver 8/17/2018 10:11:00 AM
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Technical outlook

Silver daily chart has formed “Right angled ascending broadening wedge” pattern. The last session ended up bearish in trend as the prices have broken out the pattern’s support line itself. The market is expected to continue on bearish term, testing all the way through 36600-36400 and furthermore levels in the upcoming sessions. Alternatively, if the market might also have a chance on giving a small correction over positive momentum. The correction rally could test 37150-37500 levels. Key resistance holds at 37500 and support at 36400.


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Technical Chart:
silver-chart
Silver 8/16/2018 10:27:00 AM
silver-image

Technical outlook

Silver daily chart has formed “Right angled ascending broadening wedge” pattern. The last session ended up consolidated and retesting near the pattern’s support line. The market is expected to continue on bearish term, once the same breaks below a key support holding at 37650. The downside rally could be testing all the way through 37500-37000 and furthermore levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 37850-38100 levels. Key resistance holds at 38100.


Research Report call:

Technical Chart:
silver-chart
Silver 8/14/2018 10:26:00 AM
silver-image

Technical outlook

Silver daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up in bearish trend near the pattern’s support line. The market is expected to continue on bearish term, once the same breaks below a key support holding at 37650. The downside rally could be testing all the way through 37500-37300 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 37850-38100 levels. Key resistance holds at 38100.


Research Report call:

Technical Chart:
silver-chart
Silver 8/13/2018 8:36:00 AM
silver-image

Technical outlook

Silver daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up in sideways trend near the pattern’s support line. The market is expected to continue on bearish term, once the same breaks below a key support holding at 37800. The downside rally could be testing all the way through 37600-37400 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 38200-38500 levels. Key resistance holds at 38500.


Research Report call:

Technical Chart:
silver-chart
Silver 8/10/2018 10:39:00 AM
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Technical outlook

Silver daily chart has formed “Right angled ascending broadening wedge” pattern. The last session ended up bullish in trend after retesting near the pattern’s support line. The market is expected to continue on bullish term, upside rally could be testing all the way through 38300-38500 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 37800 then it might turn to bearish momentum. The downside rally could test 37600-37500 levels. Key resistance holds at 38500.


Research Report call:

Technical Chart:
silver-chart
Silver 8/9/2018 10:14:00 AM
silver-image

Technical outlook

Silver daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up bearish in trend retesting near the pattern’s support line. The market is expected to continue on bullish term by retesting the support line, upside rally could be testing all the way through 38250-38500 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 37750 then it might continue in bearish momentum. The downside rally could test 37600-37500 levels. Key resistance holds at 38500.


Research Report call:

Technical Chart:
silver-chart
Silver 8/8/2018 10:31:00 AM
silver-image

Technical outlook

Silver daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up bearish in trend retesting near the pattern’s support line. The market is expected to continue on bearish term, once the same breaks below the key support holding at 37800. The downside rally could be testing all the way through 37650-37500 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 38200-38500 levels. Key resistance holds at 38500.


Research Report call:

Technical Chart:
silver-chart
Silver 8/7/2018 10:17:00 AM
silver-image

Technical outlook

Silver daily chart has formed “Right angled ascending broadening wedge” pattern. The last sessions ended up bearish in trend retesting near the pattern’s support line. The market is expected to continue on bearish term, once the same breaks below the key support holding at 37800. The downside rally could be testing all the way through 37650-37500 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 38200-38500 levels. Key resistance holds at 38500.


Research Report call:

Technical Chart:
silver-chart
Silver 8/6/2018 10:11:00 AM
silver-image

Technical outlook

Silver daily chart has formed “Right angled ascending broadening wedge” pattern. The last sessions ended up bullish in trend retesting near the pattern’s support line. The market is expected to continue on bullish term, testing all the way through 38300-38500 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 37770 then it might turn bearish once again. The downside rally could test 37500-37300 levels. Key resistance holds at 38500.


Research Report call:

Technical Chart:
silver-chart