Silver pared most of its gains after forming a temporary top around $82.50. After hitting an intraday low of $77.84, it’s currently hovering near $78.05.
|
Technicals |
CMP -$76.38 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$83.05 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$84.02 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$80.75 |
CMP >365 EMA |
Bearish |
Major support- $77. Major bearishness below $77. Any violation below targets $76.50/$75/$70.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-111.63 |
|
ADX |
Bearish |
Strength increased from 37 to 39 |
It is good to sell on rallies around $78.80-85 with SL around $82.50 for a TP of $70/$64.


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