Silver has outperformed gold with a huge margin this year
On the 4-hour chart the price perfectly fits into the blue uptrend channel
The 5-wave sequence is almost complete with the following signs of soon trend exhaustion:
1) triangle in the trend usually makes for wave 4 of 5 of (5)
2) price approaches the top of the channel for the third time already
3) RSI "doesn't buy" the current rally showing lower readings at Bearish Divergence
The strong support is located at the bottom of wave 4 at $56.4
On the 4-hour chart the price perfectly fits into the blue uptrend channel
The 5-wave sequence is almost complete with the following signs of soon trend exhaustion:
1) triangle in the trend usually makes for wave 4 of 5 of (5)
2) price approaches the top of the channel for the third time already
3) RSI "doesn't buy" the current rally showing lower readings at Bearish Divergence
The strong support is located at the bottom of wave 4 at $56.4
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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.