Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Silver
With RSI(14) indicator condition in the Extreme-Bullish level and both EMAs forming a Golden Cross, there is a huge probability that Silver will continue its bullish bias today toward its nearest resistance.
Key Levels
1. Resistance. 2 : 82.418
2. Resistance. 1 : 80.957
3. Pivot : 78.158
4. Support. 1 : 76.697
5. Support. 2 : 73.898
Tactical Scenario
Positive Reaction Zone: If the price breaks above 80.957, there is a likelihood Silver will move up toward 82.418.
Momentum Extension Bias: If 82.418 is also broken, Silver could extend gains to 85.217.
Invalidation Level / Bias Revision
The upside bias weakens if Silver falls below 73.898.
Technical Summary
EMA(50) : 78.343
EMA(200): 76.128
RSI(14) : 73.97
Economic News Release Agenda:
Today the United States will release the following economic data:
US - Empire State Manufacturing Index - 19:30
US - Import Prices m/m - 19:30
US - NAHB Housing Market Index - 21:00
US - Crude Oil Inventories - 21:30
US - Beige Book - 01:00
US - TIC Long-Term Purchases - 03:00
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
