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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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.