The 200-hour SMA has long been a key moving average, acting as support, resistance, or an anchor after sharp moves. Today, it is serving as resistance together with a broken short-term trendline. As long as silver remains below this level, the intraday direction will stay downward.
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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.