Silver in the lower timeframe makes a Double Top where the price today can have a retest of 23.800 before a new bearish impulse. In the Higher timeframe, the price is struggling in the dynamic trendline where the price in the past had a rejection and pullback in the direction of the main trend, the downtrend. In our analysis, the price is approaching the overbought area on the stochastic indicator and our forecast is about a new bearish impulse.
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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.