The option for today is an analysis cycle for binary options in cooperation with BDSwiss broker. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis.


SILVER market has moved slowly north since last week. As a result of these increases, metal reached local resistance level converging with downtrend line, where supply reaction occurred today. In result a bearish pin-bar candle was formed which could signal rejection of this resistance and consequently be a signal for continuation of declines.

SILVER H4

Looking at H1 chart, we note that price is currently in local support area. Overcoming this zone would create a sequence of increasingly lower lows, and consequently could be a confirmation for bearish scenario. In the short term, therefore, it is worth considering PUT option on this instrument.

SILVER H1

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