Technical forecast for Silver

silver

Silver short term outlook is more positive as we now look to target 20.15/17. We could continue higher in fact for a test of this month’s high at 20.28 with any further gains likely to reach Fibonacci resistance at 20.75/85 for a selling opportunity this week.

Immediate support is 19.85/80 & a buying opportunity at this stage.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More