Wednesday 29 January 2014

Technical analysis of silver for January 30, 2014 Trend News

Silver has lagged Gold and has been under pressure with the rest of the base metals. 19.334 is a key support, if it holds then it should be ready to move up again. If it breaks, it will be a bearish sign for Silver. So far, its holding above the support. In the daily chart, oscillators gave a positive indications on RSI, stochastic is still likely to give. The falling channel trend line is at 20.45, a close above which would gave a breakout and a further up move, cmp $19.53


Support- 19.650, 19.450


Resistance- 19.840, 19.872 20.35


1391048688_silverdaily.pngThe material has been provided by InstaForex Company - www.instaforex.com



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