Silver did not break out of the descending channel and did not find a foothold above 19.60 and 19.30.
The price is now between critical levels of support and resistance, so staying out of trades is probably the best idea until we see a new breakout attempt or confirmation of further downmove.
The price is now between critical levels of support and resistance, so staying out of trades is probably the best idea until we see a new breakout attempt or confirmation of further downmove.
Note
Sell scenario worked faster than expected but quite precisely, with breakthrough and retracement from upgoing support line
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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.