Silver Technical analysis

Source: Dukascopy Bank SA
Silver is in a strong high-momentum phase, moving steadily higher in a clear bullish trend. Price continues to form higher highs and higher lows, showing that buyers remain firmly in control.



The long-term moving average is rising and price is staying well above it, which confirms the broader uptrend. While the distance between price and this average shows strong momentum, it also suggests the market may pause briefly or move sideways to cool off before pushing higher again.

Key price levels reinforce the bullish outlook. The area around 91.55, which previously capped price, has now turned into solid support after being broken. More recently, the market has held above 93.10, showing that buyers are comfortable stepping in even at record-high levels.

Current price action shows a tight consolidation between roughly 93.50 and 94.38. This type of sideways movement after a sharp rally is often seen as a bull flag, signaling that selling pressure is limited and the market is preparing for another upward move.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.