empty
 
 
05.05.2023 03:08 PM
Technical analysis on Silver for May 5th, 2023.

This image is no longer relevant

Green lines- bearish RSI divergence

Blue rectangle- support

Yellow rectangles- major tops with same overbought RSI conditions

Silver made a new 2023 higher high yesterday. The RSI is not following. The RSI is giving bearish RSI divergence signals. This is an important warning. The last time RSI of Silver price was this overbought and turned lower, we were forming a major top back in 2022 and price decline from $26.90 to $18. Silver is under pressure today showing rejection signs when price tried to break to new highs. Silver trend remains bullish as long as price is above the blue rectangle support area at $24.50. A break below this level will confirm a top is in and that trend is reversing to bearish. Bulls need to be very cautious.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback