Naglfar

SILVER technical outlook

Long
CAPITALCOM:SILVER   Silver
Spot Silver is in a long-term downtrend. Currently the price is retesting the 50EMA on the daily with a possible continuation of the move down towards 21.4. On the 4H we have higher highs and higher lows with the 50EMA as possible support at 22.8. Going higher from here would push for a test of the trendline, around 24.
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