Silver formed a classic head and shoulders pattern on the 4-hour chart.
Following the release of US fundamentals today, the price quickly dropped significant and broke below the pattern's neckline.
The price currently retesting the broken neckline, suggesting a potential continuation of the bearish reversal.
The next support levels to watch for are at 33.05.
Following the release of US fundamentals today, the price quickly dropped significant and broke below the pattern's neckline.
The price currently retesting the broken neckline, suggesting a potential continuation of the bearish reversal.
The next support levels to watch for are at 33.05.
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Join our Telegram channel for daily market update 👇👇
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Related publications
Disclaimer
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.