Silver Weekly TF
According to the given data, it seems that silver is currently positioned at the peak of a bearish channel and has encountered a decline trend line from October 2011. Moreover, it has already reacted to this trend line, and it is anticipated that it will undergo further decline.
Similarly, gold miners are facing a comparable situation with a similar percentage drop as that of gold, indicating that gold might also move towards bearishness.
My area of focus lies between 22.150 and 22.442, There may be several confluences that could present potential buying opportunities in the given area of focus.
Overall, the market outlook for silver and gold miners appears to be bearish, and it is likely that prices may decrease in the coming week.
After experiencing a surge of 30.73% over the past 42 days, I anticipate a correction of approximately 15% in silver. This correction could signal a shift towards bullishness in the future.
Similarly, gold miners are facing a comparable situation with a similar percentage drop as that of gold, indicating that gold might also move towards bearishness.
My area of focus lies between 22.150 and 22.442, There may be several confluences that could present potential buying opportunities in the given area of focus.
Overall, the market outlook for silver and gold miners appears to be bearish, and it is likely that prices may decrease in the coming week.
After experiencing a surge of 30.73% over the past 42 days, I anticipate a correction of approximately 15% in silver. This correction could signal a shift towards bullishness in the future.
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