Silver moved yesterday in the average movement of 25 cent, its highest level at 16.13 and the lowest price at 15.87 and closed at 15.98 to lose 4 cent According to positive of building permits from USA.
Silver opened today's trading at 16.00 and it went down to 15.91...
Silver moves in a series of down correction waves about breaking the price channel.
It is expected that the silver is heading targeting 16.15 as the target on time frame of four hours and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 15.85 and 15.73 and 15.59
Resistance levels: 16.11 and 16.25 and 16.37
For more Technical Outlook Fxstations
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