Last week experienced doubts due to positive NFP and the bad news about the source of those data, followed by the FOMC data which states that the interest rate is close to zero, which is 0.25. Powel also said that the potential value of this rate will remain until 2022 causing the dollar to push down. But if we look at the DXY data, there is a potentially engulfing moment in this time, USD will rise after going down a month. This is for silver to be a determining point, because it forms a pattern of wages a sign of going down, but if there is a rebound the price has the possibility of touching the upper resistance.
Scenario:
1. If the price touch bellow Support Line, there is a chance for bearish to 17.1126.
2. If the price try to going up, there is a chance for bullish to 18.0191.
I reccomend to choose scenario 2 with SL 17.1925
Scenario:
1. If the price touch bellow Support Line, there is a chance for bearish to 17.1126.
2. If the price try to going up, there is a chance for bullish to 18.0191.
I reccomend to choose scenario 2 with SL 17.1925