CapitalHubs

Silver still in consolidation triangle

BATS:SLV   ISHARES SILVER TRUST
608 3 1
Breakthrough of the parallel channel confirmed the bearish trend of the silver             . The precious metal tried to reverse last two months but growing concern over China (demand) has pressured the price further. Still SLV             is trading within the long term triangle consolidation. If we see breakthrough of the triangle resistance line (another bearish sign) levels of $22.40 and $19 could be seen. If, however, markets reverse and risk appetite returns to investors mind a possible breakthrough above triangle resistance at $29 (which will eventually coincide with 200 MA) could drive the price 26% higher to $38.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out