Silver came up to a confluence of three Channel Resistances on all major timeframes i.e. Monthly, Weekly & Daily. Near term support currently is only the Daily Channel Support line & the last breakout attempt on D1 has failed to a certain extent. Should big volatility be expected? A break of such strong resistance may signal strong bullish momentum but can the support hold under such conditions.
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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.