When we analyse the monthly chart for Silver, we realised that it has been in a bearish trend for a decade and recently it broke out in June 2020. Now, we are seeing silver back to the critical price level at 21 dollars.
From the chart, we can see that in 2014 and 2016, Silver tried to break out of this price level but failed for several more years before it breaks out in Jul 2020.
Day chart yesterday also display a bearish candle , meaning more selling for the weeks to come so sit out and wait patiently.
From the chart, we can see that in 2014 and 2016, Silver tried to break out of this price level but failed for several more years before it breaks out in Jul 2020.
Day chart yesterday also display a bearish candle , meaning more selling for the weeks to come so sit out and wait patiently.
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