SILVER ON 4-HR CHART

Silver was traded higher last week. It is now steadily up. Under such situation, it is impossible that the buyer will keep the price going up higher and higher. Therefore, Some small correction will be seen today before it is heading up again.

The drawn horizontal line is where the silver price will move down and as long as the price is above it, bullish bias remain intact. Otherwise, sellers will take over the game of silver trading.

End of the Week Market Report

As discussed in the previous post, it proves true that silver had been traded higher and higher after the price was successfully penetrating the red horizontal line and stayed closed above the line.

As the market is closed today, the silver was stopped at 16.23. As it has broken the strong resistance line, most probably, the price will consolidate and will re-touch the red horizontal line before pushing up again. Let's put our eyes on it so that we can trade it properly with huge profit.

Stay with my analysis and come back to check it out again.

Analyzing the Daily Trading of Silver

Silver has been traded higher and higher whereby the bulls overpower the bears as the daily time frame above has shown to us.

My technical analysis is based on the usage of trend line, horizontal line, and fibs, and the most importantly is the candlestick itself. Therefore, I said in my previous article that my system is the most simple system of all you might have found in your trading life.

Based on the daily time frame as per my screen-shot, the price of silver has been dominated by the buying action. The demand for silver has been higher and higher so that the price should have been pushed up to reach the red resistance level as you can see on the chart.

It is predicted that as the price reaches the resistance line, it will bounce off and do some consolidation and correction in a sideways movement, and after that new bull will overtake the bear again. If the price is successful to break above 16.00, there is high possibility that the silver will be traded around 17.00 at 261.8 percent of Fibs.

INTRODUCTION: SILVER TRADING

Hello Silver Traders,

I am here to help you and together with you to trade silver online in the spot market. As you all know that investment in silver has become so popularly trending among the investors and traders as the demand and its prices are increasingly high.

As a trader, however, you should understand and master both technical and fundamental analysis of silver before jumping into the spot market. Many people have been there with the kind intention to earn money, but many found otherwise, - losing. You are not alone in such situation. I was there as well. However, and time elapses, I have kept consistently learning about this, and now I am picking up the "cherry". Thus, I am here to share with all of you a valid and trusted trading system which has been tested its accuracy in predicting the price movement and direction of silver.

Stay and follow me,,,! and I will come back with further elaboration of my trading system and market analysis and signals of the day.