Looks like SILVERMIC1! is forming descending triangle on chart.
A decisive break below 94000 mark can cause further downfall in the commodity.
In the start of April 2025, Silver fell drastically and recovered later. The rise was on the back of low relative volume which is not good for buyers.
Now it is rangebound and forming descending triangle on chart and taking support multiple times near the 94000 price zone but never closed below that level. Hence a decisive close
below the 94000 mark can cause further downfall and will be a good short opportunity. Fingers crossed!
A decisive break below 94000 mark can cause further downfall in the commodity.
In the start of April 2025, Silver fell drastically and recovered later. The rise was on the back of low relative volume which is not good for buyers.
Now it is rangebound and forming descending triangle on chart and taking support multiple times near the 94000 price zone but never closed below that level. Hence a decisive close
below the 94000 mark can cause further downfall and will be a good short opportunity. Fingers crossed!
I am an experienced trader and trade in equities and commodities. I educate traders with practical skills to help them profitably trade in online markets.
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I am an experienced trader and trade in equities and commodities. I educate traders with practical skills to help them profitably trade in online markets.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。