From this technical analysis, Silver is an Sideways market on long term. It's hovering between 16.856 - 16.241. Now there is a two possibility for price breakout. 1. If the market price breakout's 16.400 means it's probably will bearish until price @ 16.241. Otherwise we have to wait for market breakout until price @ 16.700.
Hi traders, Silver has been giving us bearish signs lately. Its movements (bearish wicks) are showing us selling pressure up above. Mix this with what it now looks like a downtrend channel.. and we have a potential bearish run ahead of us. DXY just can't seem to really fall at the moment which is not a positive outlook for silver. As we all know, commodities like...