ConservativeOne1

3 major convergences of support...this needs to hold for silver!

Long
FX_IDC:XAGUSD   Silver / U.S. Dollar
Three major supports converge right at this level and need to hold!!!! 1) 200 D MA (Red line) 2) 50% retracement fib of the most recent move up 3) 38.2% retracement fib of the move off the March 2020 lows to the Aug 2021 highs...to say this is a key level for silver is an understatement!!!!!!

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.