SILVER (XAGUSD): Classic Trend-Following Movement
Silver is currently trading in a downward trend. The price is consistently falling within a parallel falling channel on a 4-hour chart.
After testing the upper boundary of the channel, the price dropped and broke a strong support level.
Currently, there is a retest of this broken level. It is likely that the price will continue to decline, with targets set at 29.70 and 29.38.
After testing the upper boundary of the channel, the price dropped and broke a strong support level.
Currently, there is a retest of this broken level. It is likely that the price will continue to decline, with targets set at 29.70 and 29.38.
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