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| Technical Analysis for Silver 13-8-2015 |
Silver moved yesterday in the average movement of 42 cent, its highest level at 15.58 and the lowest price at 15.16 and closed at 15.54 to Gain 20 Cents according to yesterday’s economic data.
Silver opened today's trading at 15.55 volatile between 15.37 and 15.59 during the Asian session trading at 22 Cents for the poor liquidity in the market range.
Silver moves in a series of up impulse waves after breaking the parallel price channel.
The silver achieved our target at 15.60
It is expected that the silver is heading targeting 15.67 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 could see sharp trading because of the economic data from the USA
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