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Silver pared most of its gains following the footsteps of Gold. After hitting an intraday low of $73.94, it’s currently hovering near $74.30.
|
Technicals |
CMP -$74.30 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$77.025 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$77.39 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$77.33 |
CMP >365 EMA |
Bearish |
Major support- $73.80. Major bearishness below $73.80. Any violation below targets $73/$70/$66/$60.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-72.12 |
|
ADX |
Bearish |
Strength increased from 15.65 to 17.40 |
It is good to sell on rallies around $75 with SL around $77.30 for a TP of $70/$64.
