Silver Seems Steady For A Strong Up Trend
Satendra Singh | Mar 23, 2017 10:15AM ET
Silver futures price seems steady for a strong up trend after a good consolidation since March 19th, 2017. On analysis the movement of silver futures price tends to consolidate after a good move after submission of my last analysis.
On analysis of the movement of silver futures price in different time zones, I find that the level of $17.547 is a good supporting level and a closing above $17.693 will definitely enhance the probabilities for a further up moves in the days ahead. I find that all moving averages are currently in a good supporting position for an up move. Movement of silver futures in the same 30 Minutes chart what I defined in my last analysis can be seen on March 23rd, 2017 at 10:00:00.
Disclaimer: This analysis is purely based on the technical observations. I do not have any position in silver. One can create position in silver at his/her own risk.
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