Silver / U.S. DollarShort
SILVER (XAGUSD): Is the Bearish Reversal Confirmed?
Silver's price appears to be resuming its downward movement.
After consolidating within a parallel rising channel, it has broken through both a key support level and the channel's support line.
This breakout has formed an expanding supply zone, defined by the horizontal support and the channel's support line.
A further decline seems likely, with the next support level around 31.00.
After consolidating within a parallel rising channel, it has broken through both a key support level and the channel's support line.
This breakout has formed an expanding supply zone, defined by the horizontal support and the channel's support line.
A further decline seems likely, with the next support level around 31.00.
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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.