Silver rebounded under pressure again, rebounding and shorting

19 Nis 2023

Silver hit last night's high in early trading and then fell back under pressure again. At present, it has also fallen below yesterday's low. The decline of the large structure continues. In the evening, silver is also waiting for a rebound. The silver operation recommends selling at 24.86, risk control at 25.02, and target 24.45~24.15.

The chart is a daily silver chart

Silver looks to rush higher and fall back for the following reasons:

1. If silver continues to rebound and is under pressure, it may fall back again. The current rebound can also be seen as the last stubborn resistance of the bulls.

2. According to the update of the Turing Wave trading System, the current rally of 3 waves 1 may have ended on Friday, and the three-wave adjustment of 3 waves 2, Wave A, is in progress.

3. The intraday pressure is 24.86~25.02, and the support is 24.45~24.15.

19 Nis 2023

Not

Normal fluctuation