Watching how Silver dropped sharply yesterday,
here is the urgent update:
Even though the price managed to slightly violate a key weekly level,
for now, the price is still standing on that.
Here are two scenarios for your to follow:
- Bullish
While the price is trading on the underlined key level I still remain bullish biased.
The confirmation of a coming bullish wave will be a bullish breakout of a falling parallel channel.
Only then a strong swing move will be expected.
Next support will be 24.7 - Bearish
In case of a bearish breakout of the underlined yellow level (weekly candle close below) a bearish continuation will be expected.
Next support to watch will be 19.0 - 20.0 area.
Wait for the reaction of the price & then follow the market.
❤️Please, support this idea with like and comment!❤️
Note
Check my new idea on EURNZD: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.