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18 Sep 2019

Silver technical analysis: Bulls and bears about to lock heads around 38.2% and 50% Fibo's

  • On the downside, bears can look to the 16.50s. 
  • Bulls will look to a break towards the September highs of 19.64.

Technically, resting on the 50% and 38.2% Fibonacci lines of the mid-July to recent Sep highs, Silver has moved higher from the trendline support and has now moved into a breakout point between trendline support and resistance converging around18 the figure. Bulls will look to a break towards the September highs of 19.64, while on the downside, bears can look to the 16.50s. 

Silver daily chart

 

 

 

 

 

 

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