Spot Silver Price
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Silver Trading Chart
Tue, Aug 18 2009, 21:07 GMT
by Anna Coulling
Master The Markets | View company's profile

Unlike spot gold,
spot silver failed to bounce but rather ended the silver trading
session with a small long legged doji which has several interesting
characteristics which could suggest a minor reversal higher tomorrow.
The first point of note is that the low of the day found support from
the 40 day moving average which replicated Monday's price action on the
silver chart suggesting that we are seeing some support from the moving
average at this price level. Secondly the two candles created have
formed a neat tweezer bottom formation which whilst only minor, may
also suggest a small rise in silver prices. Finally the doji candle is
generally indicative of a market about to turn and this may provide us
with a short term silver trading opportunity to the long side.
Support & Resistance for Spot Silver Prices
S1: 13.64 R1: 14.43
S2: 13.06 R2: 13.44
S3: 12.47 R3: 12.94
Published on
Tue, Aug 18 2009, 21:08 GMT
Archive
- Spot Silver Price
Published On Tue, Sep 15 2009, 07:30 GMT
- Spot Silver Price
Published On Sun, Sep 13 2009, 13:26 GMT
- Spot Silver Price
Published On Wed, Sep 9 2009, 12:51 GMT
- Spot Silver Trading Chart
Published On Fri, Sep 4 2009, 08:09 GMT
- Spot Silver Trading Chart
Published On Thu, Sep 3 2009, 11:14 GMT
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