Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
More View more
Real Time News
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: US 500: 1.33% Wall Street: 0.82% France 40: -0.07% Germany 30: -0.10% FTSE 100: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/aeuc1S326s
  • Hey traders! What is driving the markets today? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/yC5XVJC5fY
  • Canadian #Dollar Outlook: $USDCAD Five Weeks Down, Five Month Low - https://t.co/O1op1wYcdT https://t.co/GaYTjFmjtc
  • White House Economic Advisor Larry Kudlow: -Data suggests economy only needs 'targeted money' -Thinks economy is entering a 'self-sustaining recovery' -Trump 'completely opposes' bailing out states $USD $TNX $SPX
  • FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Jul 20, 2020 when FTSE 100 traded near 6,264.90. A contrarian view of crowd sentiment points to FTSE 100 strength. https://www.dailyfx.com/sentiment https://t.co/iX4wB4HOah
  • Fed's Rosengren says the #Fed has been clear that negative interest rates are unlikely to be used
  • Back from vacation and back on schedule Going live for today's stock market webinar in 10 minutes - https://t.co/rmwDABTiN2 https://t.co/oC3Igu2muT
  • I've seen three more headlines today suggesting that there is significant money still on the sidelined despite the climb in markets. Is the assumption that some small tech milestone or new headline would excite investors to pay record amounts to get into a stretched market?
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.57% 🇪🇺EUR: 0.41% 🇨🇦CAD: 0.40% 🇳🇿NZD: 0.14% 🇬🇧GBP: -0.16% 🇯🇵JPY: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3mZjwCXcwc
Silver Prices: Roadmap for Navigating Current Technical Landscape

Silver Prices: Roadmap for Navigating Current Technical Landscape

2017-02-03 12:54:00
Paul Robinson, Strategist

What’s inside:

  • Silver struggling at July trend-line
  • Supported by low 17s, neckline
  • Trading considerations from both sides of the tape

Trading Ideas and Guides

On Wednesday, we were looking at silver as it traded above the neckline of an inverse H&S formation, but was facing off with important trend-line resistance extending back to the July high. Yesterday, as the US dollar reversed, so did silver off this important line-in-the-sand. The decline off the Thursday high is putting silver back down towards the low 17s, an area the metal previously struggled to overcome since November. This barrier (now support) dating back to June roughly coincides with the neckline. The zone from the current price (17.32) down to ~17 is big support and a break below and the trend-line extending higher from the December low would quickly expose the possibility that the bullish bottoming pattern is on the verge of failing. If this were the case, confirmation would come on trade back below the right shoulder low created on 1/27 at 16.64.

But before we go jumping the gun, again, silver is challenging support and will be treated as a potential floor until broken. With that said, right now there isn’t much to the upside to get excited about until a solid closing bar above the July trend-line takes shape. This could come on a daily basis or even better, on the weekly time-frame.

Silver: Daily

Silver Prices: Roadmap for Navigating Current Technical Landscape

Created with Tradingview

Traders looking out over the short-term are caught between strong support and strong resistance. This makes for a difficult situation to trade in either direction. Those looking out over a longer-term horizon – weeks or longer – are faced with a decision here. Aggressive traders may look for ‘best prices’ by establishing a short position along the July trend-line, with stops not far above. However, there is the conflicting bullish inverse H&S formation to take into consideration. With that in mind, waiting for a break of the right shoulder low looks like the safer way to play this at the moment. For those looking to establish a long position, yes there is the bullish pattern in play on your intended side of the market, but the steadfast downtrend line needs to give-way first before upward momentum can set in. On that idea, waiting for silver to break above the trend-line first looks like the more prudent move on this end.

Whether bull or bear, the current technical landscape offers a roadmap to follow in the event of a resolution in either direction.

See the Webinar Calendar for a schedule of upcoming live events with DailyFX analysts.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.