Silver moved last Friday in the average movement of 31 cent, its highest level at 16.20 and the lowest price at 15.89 and closed at 16.07 to lose 8 cents According to the US not to raise interest rates
Silver opened today's trading at 16.09 volatile between 16.06 and 16.12 during the Asian session in a trading average of 12 cents for the limitation of the market liquidity
Silver moves in a series of down correction waves about breaking the price channel.
And we saw last week the pair achieved our target at 16.15
It is expected that the silver is heading targeting 16.30 as the target on time frame of four hours and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 15.90 and 15.74 and 15.59
Resistance levels: 16.21 and 16.36 and 16.52
For More Technical Outlook FxStations
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