Silver / U.S. DollarShort
Silver is a problematic zone and can slide down
Silver produces similar dynamics, as Gold (as silver has a proven statistical correlation with gold), but it might contain hidden weakness. The price crossing the static resistance level of $32 puts silver in a problematic zone, where it can either develop a continuation of upswing (white scenario), or fall down from the peak, as displayed in the orange scenario.
Should Gold stop growing, silver might trigger a profit-taking rally (with a sharp decline), breaking its winning streak.
Don't forget to always do your own research and manage your risk!
Should Gold stop growing, silver might trigger a profit-taking rally (with a sharp decline), breaking its winning streak.
Don't forget to always do your own research and manage your risk!
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.
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.