Silver Futures
Short

Silver chart analysis

85
During the Asian trading session, the price of silver is in a strong bearish trend at $19.25. The current price is $18.62, representing a 3.00% decrease since the start of trading last night. A strong dollar affects all goods denominated in the US dollar. We are now looking for potential first support at the $18.50 level. And now, we will add two more potential lower levels as the following targets are $18.25 and $18.00. For a bullish option, we must first consolidate above $18.75. Then with a further bullish continuation, we could try to test the $19.00 level. And the break of the silver price above would be resisted by the space for targets at $19.25 and $19.50 levels.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.