AFTER A SHARPFALL THIS WEEK WE SEE SILVER RETRACING TO 0.618 LEVELS FROM HIGHS TO AROUND 62600 LEVELS
The next support stands at 58400 odd levels and a further breakdown would give up on the bullish trend in silver.
there are multiple resistaces at 65500 levels to 68300 to 70400 levels.
the breakdown from the symmetrical triangle has to be seen . whether the...
Silver is following a trendline as marked.
currently took support at previous support zone. It is interesting to see if it holds this support areas or not.
Wait for any confirmation on buy or sell side.
This is just for an educational purpose.
SILVERMINI (26 FEB 21), May go upside from some dip for aggressive traders can take long position near 69200-69100 but safe traders can wait for the best entry level down side near 69000-68900. It may find the support near 68440 and upside it may go till 69500-69700
silver is braking out the down trend channel. It is bullish sign.
But market always fools us with fake brakeouts.
Any close above the blue line indicates rally ahead.
Your humble trader