Silver Weekly Wedge Breakdown Confirms Resistance
I was really hoping in my last chart that silver would break up and consolidate around $16.20 then move upward. However, the move was potentially too fast, the RSI and Stoch were both really high, as you can see the price didn't hold $16 for long. I charted this silver wedge last week and now its really seems to be playing out. I am expecting a retrace back to $14.86 but I am not a PRO and I am still learning especially with fibonacci. Remember that Gold can effect Silver price too.
*This is not trading advice.*
*This is not trading advice.*
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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.