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ipuneet
Sep 27, 2019 11:17 AM

Silver is at Make or Break Point. Short

SILVER (US$/OZ)TVC

Description

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.

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Comment

prices made a smart recovery at least for today . . . .
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