Silver has started to react strongly off a major resistance level at 17.21 (61.8% Fibonacci retracement, horizontal swing high resistance) and a strong reaction could possibly occur at this level to drive price down to at least 16.21 support (Fibonacci retracement horizontal breakout level). Our next major level of resistance is at 17.64 (78.6% Fibonacci retracement, breakout resistance level).
Stochastic (34,5,3) is seeing major resistance at 96% and a corresponding reaction could occur at this level.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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.