Silver is shorted today
Updated
The silver price is currently near US223.75/ounce, and it has fallen by about 1.4% during the day.
If it falls below US223.75/ounce, this will open the way for a further decline in silver prices, and silver prices will continue to be expected for some time to come. The bearish trend scenario.
Currently waiting for the silver price to fall below US223.70/ounce to confirm that the silver price will fall further to the next short target of US223.00/ounce.
Stochastic indicators are currently showing bearish signals, and silver prices will show more bearish possibilities in the coming trading days.
It should be noted that if the silver price breaks through US224.15/ounce, this will push the important resistance level of the silver price to US224.60/ounce, and then try to fall again.
Today's silver price will be between the support level of USD23.50/ounce and the resistance level of USD24.30/ounce.
Silver strategy:
SILVER: sell 23 tp:24.3
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
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