Silver has been in a clear downtrend for the last few weeks and has struggled to move to the upside. The price is currently in between a bearish channel and is bouncing in-between both resistance and support zones. The price broke the most recent trendline (shown in white) which acted as a support zone. The next target is the white line shown on the chart as "take profit". This is the next major support zone which the price is very likely to hit next.
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Get Access To The Worlds Most Profitable Trading Indicators here: vipindicators.com/trading-indicators
Up to 93% win rate 📈
Up to 93% win rate 📈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.