TipTVFinance

Silver – Oversold on intraday charts

FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver’s retreat from the August 8 high of $20.779/Oz to today’s low of $18.746/Oz has left the precious metal oversold on the intraday charts – as per hourly and 4-hr RSI .

Furthermore, the 50-DMA at $19.32 is still rising, which suggests the selling is overdone and prices could correct from here.

A corrective rally to $19.367/Oz (23.6% of Dec low to May high) appears likely.

On the downside, strong support is seen at $18.275.
English (UK)
English
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out