Silver Range breakout upper end channel

Silver Range breakout

Silver Range breakout

The white metal broke the upper end of the channel and cooled off the high point. On the way down, 15.98 – 15.80 shall provide support in the near term. In case of a pullback, dip towards this support levels shall be considered as buying opportunities. On the way up, the swing high of 16.58 shall act as a crucial resistance in the near term. The white metal is likely to rise higher towards 17.30 – 17.54 once it breaks above this swing high of 16.58. The bullish view on silver holds true as long as it does not close below the low of 15.00. The daily momentum indicator is bullish.
Silver Range breakout

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Here's a smarter way to trade in the stock & Commodities Market.
Open Upstox A/c With Shubhlaxmi Commodity
and Get 10% Discount Coupon for any Shubhlaxmi subscription Pack & Many More Offer Coming Soon
Key Benefits of Upstox
Delivery is totally free. No Brokerage on delivery.
No minimum cap of Brokerage per transaction.
Maximum Brokerage charge Rs 20 Per order / trade
Provide margin from 4 to 10 times.
Apply Here Upstox A/C Opening »