Technical Analysis SILVER
Weekly Pivots
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
SILVER 2509 2398 2287 2246 2176 2135 2065 1954 1843
Weekly Chart
Market Overview
COMEX Silver is in an upward phase. Last week COMEX Silver sustained and closed near to its high of 2206$ an ounce. For the upcoming week 2150$ and 2100$ are the crucial supports and 2250$ and 2300$ is a crucial resistance in COMEX Silver.
Strategy
For the next week traders can use buy on lower level strategy if Silver sustains above the level of 2150$ an ounce, and above 2225$ an ounce it can further go upward. Trade by keeping the proper stop losses.
