SILVER reaches the Fibonacci levels of 50% and 61.8% in confluence with the dynamic trendline to have a new pullback in the direction of the main trend long. Yesterday had a solid reaction to the FOMC release news with a Bearish impulse. Today's price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Our forecast is about a pullback in this area with a recovery of value by the Silver.
Note
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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.