Mihai_Iacob

Silver could also drop under support

Short
OANDA:XAGUSD   Silver / U.S. Dollar
Unlike Gold, which dropped under support yesterday, Silver managed to keep the range intact and is still trading above the newly found support.
However, when it comes to precious metals, the pressure seems to be on the sell side and Silver could also drop under range's support.
A drop under this level could lead to a 500 pips drop to the next important support at 22.25

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