Unlike Gold which is still holding its stature in the Symmetrical Triangle.
Silver has broken below not only it's Uptrend but also below the neckline of a Head and Shoulders.
Now commodities don't stay down for too long normally, so I wouldn't be surprised if this market rockets up due to some "catalyst" in the new year.
But until then, the price and nature is bearish and will set a target of around $24.15.
The price does however need to close below the 200MA to make it a higher probability idea.
Silver has broken below not only it's Uptrend but also below the neckline of a Head and Shoulders.
Now commodities don't stay down for too long normally, so I wouldn't be surprised if this market rockets up due to some "catalyst" in the new year.
But until then, the price and nature is bearish and will set a target of around $24.15.
The price does however need to close below the 200MA to make it a higher probability idea.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.