weekly silver price technical analysis

By | November 29, 2015

Weekly silver technical analysis

Last week silver prices tested below 14$ . But it did not fall like gold and it remained outperformed metal in bear market . Lowest point was 13.90$ last week and highest point was 14.22$ .It remained firm and did not tested its last week ┬ámajor support of 13.70$ . Silver chart suggests a weekly technical support at 13.45$ . If market break this and manage to close below this technical level then expect sellers to take control upto 12.80$ – 12.10$ and even more panic in market not ruled out /

If silver price manage to click our weekly technical resistance at 14.80$ and close above our technical weekly hurdle then expect some relief to buyers upto 15.40$ – 16$ and even more power to buyers after 16$ not ruled out .

weekly silver technical analysis conclusion : Market trend is weak for now . So avoid any major buying positions .

More will update in daily silver price forecast update .

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