SILVER
SILVER
16.94 USD (+0.30%)
Real time - Gold & Silver Spot
Open: 16.89
Change: +0.05
Volume: 31,101
Low: 16.84
High: 17.04
High / Low range: 0.20
Type: Commodities
Ticker: XAGUSD
ISIN:

SILVER - Touched and Surpassed Our Suggested Level - Posted 6-Month High at $ - 09/11/2017

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  • Timeframe : Daily

The white metal is moving sharply higher since July, following the strong rebound on $14.30 support level. During the prior week, the XAG/USD pair hit an almost six-month high at $18.20 but failed to end the day in green. Moreover, the price climbed above the 50-month SMA indicating further gains.

On 1st of September the price managed to challenge our recommended target at $17.75 (see technical analysis here: http://bit.ly/2wiRQuY), and now the price met it again for a pullback. If the price fails to drop below $17.75, it will open the way for the $18.20 resistance barrier. Alternatively, the next immediate support is the $17.25 level, which overlaps with the 200-SMA. MACD and RSI are still moving in the bullish path with weaker momentum than before.
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