Silver has been correctly sharply for past 3 days, at the moment (17.46) it is at a make or break level.
If it slides further, it may touch 16.8 followed by 16.2 levels.
Technical indicators are showing weakness at this stage (27-09-19).
Traders taking short positions must exercise caution and keep monitoring charts for trend reversal.
18.04 on the upside will change the trend upwards.
It is probably reacting to news of US China trade talk resumption, but there are enough of news flow that can keep the prices higher.
Please consider liking this chart or follow me on this forum if you find it worthy.
If it slides further, it may touch 16.8 followed by 16.2 levels.
Technical indicators are showing weakness at this stage (27-09-19).
Traders taking short positions must exercise caution and keep monitoring charts for trend reversal.
18.04 on the upside will change the trend upwards.
It is probably reacting to news of US China trade talk resumption, but there are enough of news flow that can keep the prices higher.
Please consider liking this chart or follow me on this forum if you find it worthy.
Comment:
prices made a smart recovery at least for today . . . .