Silver spot Binary Technical November 10th 2011

Yesterday, we published a technical analysis on gold spot, and to complete the metals outlook, here is our technical outlook for Silver that is also relevant for 10-11 November.

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Here are the support and resistance lines the could produce great binary option trading opportunities:

  • Current range: 31.3520 to 35.4540.
  • Further levels in both directions: Below, for PUT Options: 33.3770, 32.6100, 32.1170 and 31.3520.
  • Above, for  CALL options: 34.1600, 34.8790, 35.2180 and 35.4540.
  • Very important support but still far, at 35.2180
  • Very important resistance is at 33.3770

Click here to enlarge the graph.

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These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.

More on Gold Binary Options, read our weekly gold binary options setup.

The data for these news events has been analyzed given previous releases and reactions, current market conditions and more. Significant surprises to market consensus, as given by surveys of economists, normally trigger sharp market reactions that proceed for a long period of time. When some events collide with each other, they can offset each other. So, these events aren’t in the list.

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