Silver (SI.FUT) - Close: 1 631.50 (-0.50), May 26, 2016

Chart Technical Analysis Silver (SI)

rsi chart
 Positive Candidate -Medium term, May 26, 2016Analysis Explanation
Silver is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. Has met the objective at 1725 after a break of a rectangle formation. The price has now fallen, but the formation indicates further rise. The future is testing the support at 1630. This should give a positive reaction, but a downward breakthrough of 1630 means a negative signal. The future is overall assessed as technically positive for the medium long term.

1 day-1.25%0.32-0.03%
5 days-35.304.10%0.25-0.98%
22 days46.8910.25%8.32-4.92%
66 days32.5017.65%34.63+7.05%
Trend 44%1580.13 - 1829.77
Short Term Trading Range2016-04-12
Long Term Trading Range2016-03-17
Moving average2016-02-24
Double Bottom Pattern2016-01-26
Inverse Head and Shoulders 2016-01-25
Double Bottom Pattern2015-05-13


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