Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Silver Technical Outlook for August 2017

27 sec read

Silver is firmly trading very close to the previous swing high 16.90 and the daily sentimental RSI continues to be positive for the 15th trading session and currently consolidating around the previous swing high reference.

Comex Silver – Daily Charts

Lower timeframe continues to be in negative sentiment and consolidating and trading in a tight range between 16.510 – 16.876 range. Silver is expected to maintain this range in the very short run with a possible test toward 16.51. Sustained break below 16.5 might bring further test towards 16.27

Comex Silver 4 hourly charts

MCX Silver Short Term Outlook

MCX Silver Positional trading sentiment continues to be in the short mode since the start of the 1st Aug 2017. Resistance continues to be around 38750-38800 band and in the short run expected to test 38100-38200 band.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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One Reply to “Silver Technical Outlook for August 2017”

  1. Amazing View. Silver done a bottom of 37,700 more than your view of 38100-38200. Where do you think MCX Silver will go from here. By the way stunned with the amount of information provided in the website.

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