{"id":15719,"date":"2010-11-22T08:10:22","date_gmt":"2010-11-22T13:10:22","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15719"},"modified":"2010-11-22T08:10:22","modified_gmt":"2010-11-22T13:10:22","slug":"silver-hits-near-27-75-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/22\/silver-hits-near-27-75-level\/","title":{"rendered":"Silver Hits near $27.75 Level"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/en\/trading\/silver\">Silver<\/a> prices rose significantly in the last week and peaked at $27.75 an  ounce. However, the 8-hour chart is suggesting that a recent upwards  trend is loosing steam and a bearish correction is impending. Forex  traders involved with commodities like this can take advantage of this  knowledge by going short on silver now, and at a great entry price!<\/p>\n<p>\u2022\tBelow is the 8-hour chart for <a href=\"http:\/\/www.forexyard.com\/en\/trading\/silver\">silver<\/a> by ForexYard.<\/p>\n<p>\u2022\tThe technical indicators used are the Slow Stochastic, RSI and Williams Percent Range.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick formed in the chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 3: The RSI signals that the price of this pair currently  floats in the over-bought territory, suggesting downward pressure.<\/p>\n<p>\u2022\tPoint 4: Williams Percent Range also supports the downward direction.<\/p>\n<p>Silver 8-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/silver-22-11-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/silver-22-11-2010.JPG\" alt=\"\" width=\"542\" height=\"678\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                may         not       be                   suitable           for             all                                   investors.                       There             is     a                                                                possibility                      that                                  you                  could                             sustain  a           loss                of      all                of                your                                                        investment        and                                               therefore       you                                     should            not                           invest                             money           that             you                                       cannot                       afford   to                                lose.          You                                  should             be                    aware            of                        all                 the               risks                                              associated                  with                      Foreign                                 Exchange                                    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silver prices rose significantly in the last week and peaked at $27.75 an ounce. However, the 8-hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can take advantage of this knowledge by going short on silver now, and at a great entry price!<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15719","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=15719"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15719\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}