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Trend Signals Point North

SILVER TECHS
Metals Technical AnalysisMetals bulletHomepagemarkets-real-timeCommoditiesBullet
  • RES 4: $26.002 - High Apr 19
  • RES 3: $25.293 - High Apr 20
  • RES 2: $24.729 - 76.4% retracement of the Mar - Sep bear leg
  • RES 1: $24.548 - High Jan 4
  • PRICE: $23.859 @ 07:23 GMT Jan 11
  • SUP 1: $22.557 - Low Dec 16 and key short-term support
  • SUP 2: $22.477 - 50-day EMA
  • SUP 3: $20.872 - Low Nov 28
  • SUP 4: $20.585 - Low Nov 21

The trend condition in Silver remains bullish despite the recent pullback. Moving average studies are in a bull mode condition and fresh trend highs in December reinforce the bullish theme. Furthermore, the move higher has maintained the positive price sequence of higher highs and higher lows. The focus is on $24.729, a Fibonacci retracement. Key short-term support has been defined at $22.557, the Dec 16 low.

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  • RES 4: $26.002 - High Apr 19
  • RES 3: $25.293 - High Apr 20
  • RES 2: $24.729 - 76.4% retracement of the Mar - Sep bear leg
  • RES 1: $24.548 - High Jan 4
  • PRICE: $23.859 @ 07:23 GMT Jan 11
  • SUP 1: $22.557 - Low Dec 16 and key short-term support
  • SUP 2: $22.477 - 50-day EMA
  • SUP 3: $20.872 - Low Nov 28
  • SUP 4: $20.585 - Low Nov 21

The trend condition in Silver remains bullish despite the recent pullback. Moving average studies are in a bull mode condition and fresh trend highs in December reinforce the bullish theme. Furthermore, the move higher has maintained the positive price sequence of higher highs and higher lows. The focus is on $24.729, a Fibonacci retracement. Key short-term support has been defined at $22.557, the Dec 16 low.