Silver Approaching The Bottom Of The Channel On The 4H Chart

16 Oca 2019

Silver is now @ an important place - it has to decide whether it will continue the run to the upside or it will start abading by the downtrending lines. I have outlined where I will be looking for support in Silver. IF Silver falls below 15.3 I will start looking at the Downtrending slope as the active one and especially the thick red line providing support for the time being. I am leaning towards 10-11$ Silver as a bottom longer term so caution is required.