SILVER (XAGUSD): Bearish Move From Resistance
The price of SILVER appears to be bearish following a test of significant resistance levels, based on a horizontal and vertical trend line.
Initially, the pair traded within a range before dropping sharply after testing a downward trend line.
This move broke through the support of the trading range with a strong bearish candle. It is likely that the price will continue to decrease, with a target of 30.00.
Initially, the pair traded within a range before dropping sharply after testing a downward trend line.
This move broke through the support of the trading range with a strong bearish candle. It is likely that the price will continue to decrease, with a target of 30.00.
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