Silver may push off resistance around $15.60 back into consolidation with support at $13.65. If support is breached on the weekly timeframe, this market may finally capitulate with a target of $10.35. Remember, this market has been in a cyclical bear since 2013 on the weekly and lower, and the EMA50 may cross below the EMA200 this year on the monthly:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Note
Watch for breakdown here:Note
Note
Back at the technical channel resistance!!! But this is not a result of anything other than dollar devaluation as everyone BTFD.Note
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Note
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Previous support is now resistance.Note
Silver looking at a 800 point drop
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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.