Technical Outlook For Silver 1-9-2015

Technical Outlook For Silver 1-9-2015

Technical Outlook For Silver

Silver moved yesterday in the average movement of 28 cent, its highest level at 14.67 and the lowest price at 14.39 and closed at 14.59 to gain 2 Cent according to yesterday’s economic data.

Silver opened today's trading at 14.61 volatile between 14.69 and 14.58 during the Asian session trading at 11 Cent for the poor liquidity in the market range.

Silver moves in a series of down impulse waves inside triangle after breaking uptrend line.

It is expected that the silver is heading targeting 14.48 as the target on time frame of four hours and until now we see the bulls control on market direction

And the Relative Strength Indicator "RSI" show us accumulation operations at the market.

Today we are looking for economic data from U.S.A like ism manufacturing pmi at 14.00 GMT.

Support levels: 14.43, 14.27 and 14.15

Resistance levels: 14.71, 14.83 and 14.99

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