Silver fell to $55.62 on June 22, before making another low at $54.77 during the week of July 13. Since then, price has spent several weeks consolidating and gradually recovering toward $63.28.
More recently, silver has finally broken above its key S&R resistance, strengthening the bullish structure. With the U.S. dollar also showing signs of weakness, the macro backdrop could provide additional support for precious metals.
If the breakout holds and momentum continues, $77 could be the next major upside target to watch.
The key now is whether silver can hold above the former resistance and turn it into support.
More recently, silver has finally broken above its key S&R resistance, strengthening the bullish structure. With the U.S. dollar also showing signs of weakness, the macro backdrop could provide additional support for precious metals.
If the breakout holds and momentum continues, $77 could be the next major upside target to watch.
The key now is whether silver can hold above the former resistance and turn it into support.
I make a living by drawing charts.
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
I make a living by drawing charts.
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。