Silver Analysis

[PipSafe]

Silver had a strong and without reformation descending trend during the recent weeks and could record the bottom price of 16.665.Right now this price level is one of the important supportive levels in front of the price. According to the recent strong descending, price is in saturation sell area and there is the potential for ascending and price reformation.

According to the formed movements in the price chart, between the top price of 22.160 and the bottom price of 16.665 there is an none-ideal AB=CD harmonic pattern with the ratios of 78.6 and 161.8 that warns about changing price direction and price reformation. RSI indicator is in saturation sell area and confirms the D point of this pattern by the next cycle and warns about the potential of ascending of the price during the next days.Generally until the price level of 16.665 is preserved, the price has the potential for ascending and reformation.

Technical Analysis of Silver dated 2014.10.08

[PipSafe]

Silver was in a strong and consistent descending trend during the recent month that sellers during this descending trend were successful in achieving the lowest price level of 15.042.In weekly time frame the previous week candle was closed as a Hammer candlestick pattern that shows the indecision for ascending or descending. If this pattern confirms, there will be the potential for changing price direction.


According to the formed movements in the chart, there is AB=CD harmonic pattern with ideal ratios of 50 and 200 between top price of 25.087 and the bottom price of 15.042 that warns about changing price direction from the D point(Morning Star Candlestick Pattern) of this pattern.RSI indicator in daily time frame is in saturation sell area and also it is in divergence mode with the price chart that warns the potential for ascending of the price during the next candles. Generally until the price level of 15.042 is preserved, the price has the potential for ascending and reformation.

[David-Trader]

Silver Technical Levels - 14.01.2014

Daily
High	17.206
Low	16.560
Close	17.046
R3	17.960
R2	17.583
R1	17.314
Pivot	16.937
S1	16.668
S2	16.291
S3	16.022

[David-Trader]

Silver Daily Technical Levels - 16.01.2015

Daily
High	17.239
Low	16.694
Close	16.930
R3	17.759
R2	17.499
R1	17.214
Pivot	16.954
S1	16.669
S2	16.409
S3	16.124

[David-Trader]

Silver Daily Technical Levels - 20.01.2015

Daily
High	18.013
Low	17.605
Close	17.680
R3	18.335
R2	18.174
R1	17.927
Pivot	17.766
S1	17.519
S2	17.358
S3	17.111

[David-Trader]

Silver Daily Technical Levels - 21.01.2015

Daily
High	18.030
Low	17.618
Close	17.970
R3	18.540
R2	18.285
R1	18.128
Pivot	17.873
S1	17.716
S2	17.461
S3	17.304

[abahtujuhpuluh]

thank admin for information

[David-Trader]

Silver Daily Technical Levels - 22.01.2015

Daily
High	18.490
Low	17.899
Close	18.123
R3	19.034
R2	18.762
R1	18.443
Pivot	18.171
S1	17.852
S2	17.580
S3	17.261

[David-Trader]

Silver Daily Technical Levels - 23.01.2015

Daily
High	18.484
Low	17.911
Close	18.310
R3	19.132
R2	18.808
R1	18.559
Pivot	18.235
S1	17.986
S2	17.662
S3	17.413

[David-Trader]

Silver Daily Technical Levels - 27.01.2015

Daily
High	18.485
Low	17.854
Close	17.912
R3	18.945
R2	18.715
R1	18.314
Pivot	18.084
S1	17.683
S2	17.453
S3	17.052