Silver TREND TODAY: SIDEWAYS / DOWN
SILVER
Close yesterday:
$ 27.60
Intraday resistance:
27.95 + 29.20 + 30.00 + 31.24 + 33.08
Intraday supports:
27.20 + 26.45 + 26.00 + 25.75 + 24.50
Review:
Silver managed to Abverkaufs weeks of the end of June a sharp backlash based on the support to
$ 26.45. Subsequently moved to the value of the resistance at $ 27.95 and reached a medium-term downtrend line. of
This is currently back silver and consolidates the rise in recent days.
Outlook:
Above $ 27.00 currently, there is a chance that the short-term recovery continues to $ 29.20 and $ 29.93 before this
in turn would be expected to release pressure. Condition for this is the sustained break above $ 28.50. Should not this
succeed and fall in the silver connection under $ 27.00, losses are up $ 26.45 $ 26.00 and the result. Fails there a
Bottoming out, so there would be a big sell signal and a first multi-day sales to $ 24,50.