{"id":9394,"date":"2010-05-13T08:43:12","date_gmt":"2010-05-13T12:43:12","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9394"},"modified":"2010-05-13T08:43:12","modified_gmt":"2010-05-13T12:43:12","slug":"silver-rises-above-19-an-ounce","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/13\/silver-rises-above-19-an-ounce\/","title":{"rendered":"Silver Rises Above $19 an Ounce"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; Silver prices rose significantly in the last week and peaked at  $19.50 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 silver 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: The Slow Stochastic indicates a bearish cross, signaling  that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 2: The RSI signals that the price of this pair currently  floats in the over-bought territory, suggesting downward pressure.<\/p>\n<p>\u2022\tPoint 3: The Williams Percent Ranges is showing that this pair is  heavily over-bought and may be experiencing strong downward pressure.<\/p>\n<p>Silver 8-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/Silver-13-5-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/Silver-13-5-2010.JPG\" alt=\"\" width=\"474\" height=\"617\" \/><\/a><\/p>\n<p><strong><em>Forex Market    Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                     Yard.<\/a><\/strong><\/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>By Anton Eljwizat &#8211; Silver prices rose significantly in the last week and peaked at $19.50 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/13\/silver-rises-above-19-an-ounce\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Silver Rises Above $19 an Ounce&#8221;<\/span><\/a><\/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-9394","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9394","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=9394"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9394\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}