SILVER (XAGUSD): Bearish Reversal Confirmed!?
It appears that the price of Silver is starting to move in a downward direction again.
After consolidating within a parallel rising channel, the price broke through both its support level and the channel's support line.
This has created an expanding supply zone made up of the horizontal support and the channel's support line.
It is likely that the price will continue to fall in the near future, with the next support level being around 31.00.
After consolidating within a parallel rising channel, the price broke through both its support level and the channel's support line.
This has created an expanding supply zone made up of the horizontal support and the channel's support line.
It is likely that the price will continue to fall in the near future, with the next support level being around 31.00.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
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.