Silver ETFs are retesting 61.8% level again.
Though all the silver ETF's underlying commodity is silver only but taking example of Tata silver ETF here.
After a strong uptrend, price appears to be consolidating within a range following a sharp rejection from the highs. It has already retested 61.8% Fibonacci level multiple times before. Again it is going to retest the same level.
A sustained move above the upper range could shift momentum back to the upside, while a breakdown below the support zone may lead to further downside.
Considering the current geopolitical scenario, silver may extend the recovery towards higher range If USD weakens in upcoming sessions.
After a strong uptrend, price appears to be consolidating within a range following a sharp rejection from the highs. It has already retested 61.8% Fibonacci level multiple times before. Again it is going to retest the same level.
A sustained move above the upper range could shift momentum back to the upside, while a breakdown below the support zone may lead to further downside.
Considering the current geopolitical scenario, silver may extend the recovery towards higher range If USD weakens in upcoming sessions.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.