{"id":58934,"date":"2014-08-19T11:24:44","date_gmt":"2014-08-19T15:24:44","guid":{"rendered":"http:\/\/countingpips.com\/?p=58934"},"modified":"2014-08-19T13:12:34","modified_gmt":"2014-08-19T17:12:34","slug":"silver-bears-attack-again","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/silver-bears-attack-again\/","title":{"rendered":"Silver Bears Attack Again"},"content":{"rendered":"<div id=\"inves-3055232062\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 19, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Technical Sentiment: <strong>Bearish<\/strong><\/p>\n<p><strong>Key Takeaways<\/strong><\/p>\n<ul>\n<li>Dollar strength makes precious metals less attractive;<\/li>\n<li>Silver plummeted 29 cents since the start of the US session;<\/li>\n<li>$19.00 remains the primary target, followed closely by $18.64<\/li>\n<\/ul>\n<p><em>Increasing short positions are pressuring Silver to dive lower, as traders will be searching for large offers around the $19.00 handle.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Technical Analysis<\/strong><\/p>\n<p><a href=\"http:\/\/capitaltrustmarkets.com\/wp-content\/uploads\/2014\/08\/Silver-19th-August.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5807\" src=\"http:\/\/capitaltrustmarkets.com\/wp-content\/uploads\/2014\/08\/Silver-19th-August.png\" alt=\"Silver 19th August\" width=\"700\" height=\"341\" \/><\/a><\/p>\n<p>A short-lived consolidation turned very sour rather quickly at the beginning of the US session. Traders were quick to resume the recent Silver selling spree as soon as price tested 13<sup>th<\/sup> August low at $19.70. Today\u2019s price action takes the shape of a Bearish Engulfing Bar, a good indication that this move is unlikely to exhaust anytime soon.<\/p>\n<p>With the main moving averages on the Daily chart becoming increasingly distant, a correction back these levels is less likely. Escalating sell-offs are a natural market reaction in these circumstances and traders will continue blowing even the smallest of reasons out of proportion just to confirm their bearish view on Silver.<\/p><div id=\"inves-2385587049\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Support levels can be found at $19.00, where a temporary bounce is likely to form before $18.64, the true bottom, will be tested. This bearish scenario will remain valid as long as price stays below $19.70 (short term pivot zone between 13<sup>th<\/sup> August daily low and 19<sup>th<\/sup> August daily high).<\/p>\n<p>*********<br \/>\nPrepared by Alex Z., Chief Currency Strategist at <a href=\"http:\/\/www.capitaltrustmarkets.com\/\">Capital Trust Markets<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technical Sentiment: Bearish Key Takeaways Dollar strength makes precious metals less attractive; Silver plummeted 29 cents since the start of the US session; $19.00 remains the primary target, followed closely by $18.64 Increasing short positions are pressuring Silver to dive lower, as traders will be searching for large offers around the $19.00 handle. &nbsp; Technical [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-58934","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/58934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=58934"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/58934\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=58934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=58934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=58934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}