Silver

[Samirofi]

Silver turns the intraday track 18/07/2013



Silver price declined sharply to achieve a break below the support line that appears in the image, opening the way towards a potential turn in the intraday trading towards the downside, but the price needs another daily close below 19.35 to confirm this decline, where Stochastic enters the oversold levels and it might assist to push the price higher again.

Now, we prefer staying aside temporarily in order to monitor the daily close according to the mentioned level.

Expected trading range for today is between: 18.65 support and 21.00 resistance.

Expected trend for today: Neutral

[PCMNewsdesk]

As you can see, Gold has been increasing versus the USD above a bullish Fibonacci fan and rebounded several times from the resistance level around 1294.05. Although it failed on its first attempt to cross the next resistance level, we anticipate that Gold might be further controlled by the bulls; especially, as the MACD pulled back from its zero line.

[Samirofi]

Silver fluctuates 25/07/2013



Silver price fluctuates near 20.05 and remains stable above it, which keeps the positive chances valid to achieve positive trading in the upcoming period, while our first target is represented by breaching above 20.60

Breaching this level will lead to target 22.00 area, while breaking below 20.05 and 19.80 levels will stop these expectations on the intraday basis.

Expected trading range for today is between: 19.50 support and 22.00 resistance.

Expected trend for today: Bullish

[PCMNewsdesk]

Since the end of June Silver was climbing along a bullish trend line but failed to cross the resistance level around 20.58. The moving average is assuming further losses but we might expect that the trend line is strong enough to hold back the bears and push the pair above the next hurdle.

[PCMAnalyst]

The price of this metal s inside a long term bearish trend line and currently we can see price volatility inside a internal bullish channel in H4 TF. We expect to have the prices grew by breaking through upper long term channel line.

[PCMNewsdesk]

The bullish trend of silver, wish started five weeks ago, has recently been interrupted as the XAG/USD tumbled and crossed the trend line. But it was able to recover again at the support level around 19.22 and it remains to be seen if the bulls can push Silver to further gains while the Demarker is at a high level.

[Samirofi]

Midday update for Silver 05/08/2013



Silver price fluctuates around the bearish channel’s resistance at 19.95, and as we mentioned this morning, we need accurate confirmation signals for the next trend, through the daily candlestick close according to the morning mentioned levels.

Therefore, the neutral attitude will remain valid for the rest of today’s trading.

Expected trading range for today is between: 18.80 support and 21.50 resistance.

Expected trend for today: Neutral

[Samirofi]

Silver breaches the resistance 08/08/2013



Silver price managed to breach the bearish channel’s resistance attempting to settle above it now, to offer positive signals that support turning to the upside trend again.

Stochastic negativity might cause some bearish bias and a retest to the breached resistance at 19.60 before resuming the bullish trend which will be suggested, conditioned by holding above 19.60-19.50

Expected trading range for today is between: 19.00 support and 20.50 resistance.

Expected trend for today: Bullish

[Samirofi]

Silver gets the motive 12/08/2013



Silver price succeeded to complete forming a double bottom pattern by breaching 20.60, to get a positive motive that has bullish targets that reach towards 23.00, encouraging us to suggest bullish trend in the upcoming period, where the chances of this trend’s continuation remain valid conditioned by the stability above 20.00

The price might be forced to retest the breached neckline before resuming the positive attempts for today.

Expected trading range for today is between: 20.00 support and 22.40 resistance.

Expected trend for today: Bullish

[Samirofi]

Silver needs some momentum 13/08/2013



Silver price kept its stability above 21.00, reinforcing the expectations of continuing the bullish trend, where we are waiting for achieving the targets of the double bottom -explained in our yesterday’s reports- at 23.00

Stochastic negativity might cause some temporary sideways trading before resuming the bullish trend which remains valid on the intraday basis unless breaking 20.60

Expected trading range for today is between: 20.60 support and 23.00 resistance.


Expected trend for today: Bullish