Silver's Potential Rebound: Inverse Head and Shoulders in Play?
The short-term outlook for silver bulls isn't very encouraging. However, taking a broader view, silver might be forming an inverse head and shoulders pattern. A decline to the $29-$30 range could mark the formation of the right shoulder. For the pattern to confirm, prices would need to break above $32.38, which could then suggest a potential move to $38.45.
What do you think about silver's prospects? Share your thoughts in the comments.
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What do you think about silver's prospects? Share your thoughts in the comments.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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