Silver may push off resistance around $15.60 back into consolidation with support at $13.65. If support is breached on the weekly timeframe, this market may finally capitulate with a target of $10.35. Remember, this market has been in a cyclical bear since 2013 on the weekly and lower, and the EMA50 may cross below the EMA200 this year on the monthly:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
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Watch for breakdown here:
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Back at the technical channel resistance!!! But this is not a result of anything other than dollar devaluation as everyone BTFD.
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Previous support is now resistance.
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Silver looking at a 800 point drop
