Technical analytics - Silver 22/1/2018

in #silver7 years ago (edited)

Hello guys,

Today we're discussing the silver. Silver as a material is more commonly used in whole industry compare with gold, I think that its price is undervalued. In the first picture, we can see it in week timeframe. On it, we can see clearly that triple form patter was formed. So in long term, I suppose price will rise. Let's look the second picture.

Silver_w.jpg

In one day timeframe, we can see that the price is touching resistance level about 17$. From my point of view if the price crossed the line of resistance level, then we may expect price about 18$.

silver_d.jpg

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good predictions, good work

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