Silver has risen sharply from $21.89 (30th November 2020) to $27.92 (6th January 2021) and has corrected to find support at the 61.80% Fibonacci support from where it is rebounding. It would be prudent to say that silver could rise towards $25.90 and $26.25 if it sustains above $23.85.
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Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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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.