The price of silver continues its sideways movement in the $19.00-$19.50 range. During the Asian trading session, they were below the midpoint of $91.25. It could be said that the price of silver will retest the support at the $19.00 level. For a bearish option, we need a drop below $19.00; after that, we can expect a continuation of the bearish trend. Potential lower targets are $18.75 and $18.50 levels. For a bullish option, we need a new positive consolidation, and a return above $19.25 left first. Then we can expect growth to the upper resistance zone at $19.50. A break above would increase optimism that we can see further price recovery towards the $20.00 level.
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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.