• 4 hours Are Americans Finally Sold On Soccer?
  • 12 hours Is The Tech Bubble About To Burst?
  • 1 day Coronavirus Could Cost Tourism Industry $80 Billion
  • 1 day What Web Traffic Trends Can Tell Us About The World
  • 2 days Miners Face Greater Headwinds
  • 2 days Boris Johnson Proposes Billion Dollar Bridge To Northern Ireland
  • 3 days Goldman Slashes Oil Price Forecast By $10
  • 5 days Tesla Raises $2 Billion In Share Selloff
  • 5 days What The T-Mobile Takeover Of Sprint Really Means For Markets
  • 5 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
  • 6 days How Hydrogen Could Become The Fuel Of The Future
  • 6 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
  • 6 days This Gold Miner Just Increased Its Dividends By 40%
  • 7 days Airbnb IPO Under Threat As China's Economy Drags
  • 7 days The Infamous Equifax Hack Just Became A National Security Issue
  • 7 days BHP Takes The Crown As World’s Top Copper Miner
  • 8 days Tesla Reopens Chinese Factory After Coronavirus Scare
  • 8 days Armed Troops Storm El Salvador’s Parliament
  • 8 days Is A New Housing Bubble Forming?
  • 8 days The Biggest Challenge Facing West Africa's Single Currency Plan
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

Silver - Bearish Breakout of The Tiny Horizontal Range

Silver has thus far successfully tested the key support area between the psychological support at 15.00 and 14.66. However, the break to the downside out of the horizontal range between 15.47 and 15.91 calls for a new test of this key support area. An hourly resistance now lies at 15.68 (intraday high).

In the long-term, the break of the major support area between 18.64 (30/05/2014 low) and 18.22 (28/06/2013 low) confirms an underlying downtrend and favours further decline towards the strong support at 14.64 (05/02/2010 low) at minimum. A resistance lies at 17.80 (15/10/2014 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment