The growing optimism in the bullion counter is set to stoke up demand for the Silver.
Although it was in a downtrend for the most part of 2019, it found a profound demand when things started to get for the US dollar.
Now, it has formed a higher high formation, a technical indication for the metal’s buoyed sentiment.
The trendline drawn could act as a support as well.
We expect the bullion metal to move to the resistance level of 16.19009.
Although it was in a downtrend for the most part of 2019, it found a profound demand when things started to get for the US dollar.
Now, it has formed a higher high formation, a technical indication for the metal’s buoyed sentiment.
The trendline drawn could act as a support as well.
We expect the bullion metal to move to the resistance level of 16.19009.
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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.