Silver has just seen a correction of 13.3% after the precious silver metal surpassed the key physiological level of $25. The current price is trading around $22.44 which has acted as a support area before. This area seems stable for silver, whilst there is some fundamental data dropping this week that might affect commodities, it's likely that this area will hold. The initial target for this trade is at the $24 level, the stop loss area is just below the 30th of September low - $21.67
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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.