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Technical forecast for Silver

By () · June 18, 2013 · Comments Off on Technical forecast for Silver
Metals · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

Silver is mostly just moving sideways. Fibonacci support at 21.83 & then at 21.46/41 which could hold the downside today. A break lower looks unlikely but could target 21.19, possibly 20.98 but we expect to see a bounce from here.

If we can hold above 21.80 a move back up towards 22.10/20 is likely. Look for a selling opportunity here but shorts need stops above 22.45 as a break higher could target 22.60/70.

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