Silver / U.S. DollarShort
SILVER (XAGUSD): Classic Trend Continuation
Silver is presently in a downtrend, moving steadily within a parallel descending channel on the 4-hour chart.
After testing the channel’s upper boundary, the price dropped, breaking a strong support level.
Now, a retest of this broken level is underway, suggesting that further declines are likely, with target levels at 29.70 and 29.38.
After testing the channel’s upper boundary, the price dropped, breaking a strong support level.
Now, a retest of this broken level is underway, suggesting that further declines are likely, with target levels at 29.70 and 29.38.
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