SILVER (XAGUSD) Technical Outlook

hey traders,

a lot of questions about silver.

on a daily we are currently trading in a wide horizontal trading range.
30.0 is its resistance and 21.7 is its support.

yesterday we tested the resistance of the range and then we saw an immediate strong bearish reaction from that.
the last 4 trading days are quite impulsive and for now, the best option for us is to let the market calm down.

the safest zone from where I would consider buying opportunities is based on a confluence between a major falling trend line
and range's support.

Yorum:

Check my new idea on GBPUSD: