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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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.