Silver - Bears desperate to protect weekly trend-line.
You can see the battle over the blue dashed trend-line. This is an important trend-line from the weekly chart.
A daily close above this line would suggest a bullish breakout. $17.50 (previous high would be the next resistance)
Will post a weekly chart in the comments to show the trend-line I'm referring to.
DXY hitting resistance so I expect a move higher.
Price seems well supported even with DXY moving higher and near YTD highs....
A daily close above this line would suggest a bullish breakout. $17.50 (previous high would be the next resistance)
Will post a weekly chart in the comments to show the trend-line I'm referring to.
DXY hitting resistance so I expect a move higher.
Price seems well supported even with DXY moving higher and near YTD highs....
Comment:
Weekly chart for reference....
