Skip to Content
News & Analysis at your fingertips.
Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Silver Technical Analysis: Positioned to Rally

Silver Technical Analysis: Positioned to Rally

What's on this page
Gold Forecast
Gold Forecast
Recommended by Paul Robinson
Check out the Q4 GOLD Forecast
Get My Guide

Silver Technical Analysis:

  • Treading water between neckline of H&S pattern and 200-day
  • Should start to rally soon, 28-30 targeted down the road

Silver is stuck between the neckline of the inverse head-and-shoulders pattern it just broke out of and the 200-day moving average. The consolidation period should end soon, but we will want to see a solid close above the 200-day MA before becoming bulled up too much further.

The size of the H&S formation suggests it could rally to major resistance between the 28 and 30 level. There won’t be cause for real concern unless we see drop back below 24 and the trend-line that connects the head and right shoulder.

For now, staying the course with a bullish outlook.

For the full set of details, please check out the video above…


Silver Daily Chart

silver daily chart

Silver Chart by TradingView

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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