Silver- 24.40- 24.50 zone is the line in the sand
Since August top at 30, Silver dropped 8usd (if we consider the low) which is approx 25%.
The drop is clearly corrective in nature and, unlike Gold, Silver didn't make a new low.
Now XagUsd is trading just under an important confluence resistance zone and a break and daily close above would signal the end of this correction
On the short term 23.50-23.60 zone is support now and dips towards this zone should be bought with a target around 24.40 resistance
The drop is clearly corrective in nature and, unlike Gold, Silver didn't make a new low.
Now XagUsd is trading just under an important confluence resistance zone and a break and daily close above would signal the end of this correction
On the short term 23.50-23.60 zone is support now and dips towards this zone should be bought with a target around 24.40 resistance
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Related publications
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.