Silver FuturesShort
Silver chart overview
On Friday, the price of silver tried to start a new bullish trend, but it only managed to reach the $21.30 level. After that, we see a new bearish consolidation forming a new lower low at the $20.60 level. Now we are trying to hold on there to stop further decline in the price of silver. For a bearish option, we need passive consolidation and a breakout below today's support. Then we need to hold down there, and after that, we would see a further decline in price to the next support zone. Potential lower targets are the $20.40 and $20.00 levels. For a bullish option, we need a new positive consolidation and a return to the previous high at the $21.30 level. Staying above would help us form a new higher low from which we would start to new recovery. Potential higher targets are the $21.40 and $21.60 levels.
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.
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.