Silver Still Climbing For The 11th Consecutive day
FxGrow | Sep 08, 2016 04:58AM ET
XAG/USD is still climbing for the 11th consecutive day since 22th August and clocked 20.131 yesterday. Numbers and charts suggest a continuous bullish rise since 1 AM GMT this morning. Right now, silver is trading at 19.90 and expected to reach the first resistance R1 at 20.03.
Today we are looking into to extreme news ECB and Unemployment Claims in the U.S which will change the course of metals either more up rise or downward break. Either ways, we should look into the following keys: PP 19.963 , R1 20.030, R2 20.131, R3 20.245 , R4 20.482
S1 19.841 , S2 19.724 , S3 19.504 , S4 19.250
Remark: in general the trend is upward, but look into economic calendar at 1:30 GMT where Secretary Perez release U.S Unemployment claims and Draghi ECB.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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