Hello Traders! Silver just broke a major trend line, sending major signs that the rally might be over.
Silver broke a major support line which fuelled the rally towards 66.7$. Now this break below 63.4$ is what might bring us back to 61$. If price manages to stay between 63.4-64 without a strong reclaim above then we can consider that sellers have taken control of the higher time frames.
This may cause SIlver to fall towards 61$ which would be our next support area.
Beware Traders, Silver looks to be volatile. So plan your trade and execute the plan.
Hope you liked our analysis.
Silver broke a major support line which fuelled the rally towards 66.7$. Now this break below 63.4$ is what might bring us back to 61$. If price manages to stay between 63.4-64 without a strong reclaim above then we can consider that sellers have taken control of the higher time frames.
This may cause SIlver to fall towards 61$ which would be our next support area.
Beware Traders, Silver looks to be volatile. So plan your trade and execute the plan.
Hope you liked our analysis.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.