Silver technical analysis charts

1. December 15, 2015
SLV: Silver technical analysis charts
On Monday, compared to Wednesday, price action opened lower (13.91, vs
Wednesday's close of 14.19), saw a lower high (13.91, vs Wednesday's high of
14.34) and lower low (13.64, vs Wednesday's low of 14.11); and closed lower
(13.67, vs Wednesday's close of 14.19). The day's range was 27 ticks.
On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action fell
towards the bottom of the 20 day moving average envelope (14.27). The
parameters of the envelope (13.84-14.70) are pointing lower.
The RSI (35.88) below is in neutral mode between the key 20 (oversold) and 80
(overbought) levels.

2. December 15, 2015
The MACD 12 day moving average is above the MACD 26 day moving average;
both are above zero and falling.
The Slow Stochastics, below, are in positive mode, with the K line above the D
line.
The Commodity Channel Index (-140.35), below, is in negative mode below the
overbought 200 level.
On the DAILY BOLLINGER BANDS CHART below, Monday represents the 1st
consecutive entire day below the middle of the Bollinger Band envelope (14.27).
The Bollinger Bands (13.53-15.01) are converging; and narrowed from a width of
176 ticks on Wednesday to a width of 148 ticks on Monday.

3. December 15, 2015
On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving
average (14.11, moving down) is below the 20 day moving average (14.27, moving
down); in negative mode. The 3-50 day strip of moving averages ranges from the
5 day moving average (14.11) at the bottom of the range to the 40 day moving
average (14.75) at the top of the range.
The Parabolic Stop and Reverse (14.56) below is in the 1st day of buy mode.

4. December 15, 2015
On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 8th
consecutive close below the middle of the Bollinger Bands envelope (14.79). The
Bollinger Bands (13.58-16.00) are pointing lower; expanding from a width of 232
ticks on Wednesday to a width of 242 ticks on Monday.