{"id":21096,"date":"2011-03-23T04:04:58","date_gmt":"2011-03-23T08:04:58","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=13690"},"modified":"2011-03-23T04:04:58","modified_gmt":"2011-03-23T08:04:58","slug":"silver-likely-to-see-bearish-move-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/23\/silver-likely-to-see-bearish-move-2\/","title":{"rendered":"Silver Likely to See Bearish Move"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/16.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>Following the steep increase in the price of silver in recent days, it appears that the precious metal may be due for a downward correction.  Technical signals are indicating that bearish movement may be impending, which could bring prices down to the 34.50 level.<\/p>\n<p><span id=\"more-13690\"><\/span>We will be analyzing the 8-hour silver chart, provided by Forexyard.  The technical indicators being looked at are the Relative Strength Index, Stochastic Slow and Williams Percent Range.  <\/p>\n<p>1. The Relative Strength Index is currently at the 80 level, well in the overbought zone.  This is typically a sign that a bearish move is likely to occur in the near future.<\/p>\n<p>2. A bearish cross has formed on the Slow Stochastic, indicating a downward correction may take place.<\/p>\n<p>3. Finally, the Williams Percent Range remains well in overbought territory.  This can be taken as a sign that the price of silver is likely to drop, giving traders an excellent opportunity to open sell positions for a potentially significant profit.<br \/>\n<img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/03\/tech.bmp\" alt=\"tech\" title=\"tech\" class=\"alignnone size-full wp-image-13691\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Following the steep increase in the price of silver in recent days, it appears that the precious metal may be due for a downward correction.  Technical signals are indicating that bearish movement may be impending, which could bring prices down to the&#8230;<\/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-21096","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21096","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=21096"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21096\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}