Silver price is trading in a symmetrical triangle pattern and not able to break the $33 resistance zone.
Price looks bearish temporarily because it has broken our first major Trendline support but I believe the bulls to hold the next major Trendline support and keep silver in the uptrend otherwise.
But for now price has to retest the Trendline and $33 resistance zone once again to know if the breakdown will continue or if it was just a shakeout consolidation.
Fingers crossed. Any Direction it goes I'll be sure to keep you updated 💪💯
Price looks bearish temporarily because it has broken our first major Trendline support but I believe the bulls to hold the next major Trendline support and keep silver in the uptrend otherwise.
But for now price has to retest the Trendline and $33 resistance zone once again to know if the breakdown will continue or if it was just a shakeout consolidation.
Fingers crossed. Any Direction it goes I'll be sure to keep you updated 💪💯
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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.