SILVER: WEEKLY SCENARIO BY CAPITAL STREET FX

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SILVER PRICE TECHNICAL ANALYSIS: WEEKLY CHART

  • In the weekly charts, Silver is trading in an upward channel.
  •  Silver is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  • Silver will follow an uptrend in the coming weeks.
  • The Silver crucial support level is at 23.395 which is near 20 days SMA as of now. There are no signs of a bearish trend.
  • Bulls have their tight grip on Silver .
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