Silver / U.S. DollarShort
Silver Sell-Off Alert: 10% Drop Dead Ahead
● After hitting a high of $34.87, the price entered a notable consolidation phase, eventually created a Head & Shoulders pattern.
● Following the breakdown from this pattern, the price also fell beneath its trendline support, paving the way for a more significant decline.
● Immediate support is anticipated at the $27.8 level.
● If the price drops below this threshold, it could plummet to $26.5, representing a 10% decrease from the current position.
● Following the breakdown from this pattern, the price also fell beneath its trendline support, paving the way for a more significant decline.
● Immediate support is anticipated at the $27.8 level.
● If the price drops below this threshold, it could plummet to $26.5, representing a 10% decrease from the current position.
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