Silver is trading around an important weekly handle, looking to the left you can see how pivotal this area is. If it fails to hold we could see further downside to mid/low $23 levels.
On the other hand, we are already starting to see buyers re enter the market at these discounted levels so we could see another bull rally to continue with the larger uptrend. Key levels to keep an eye on is the $25 handle and if the weekly close is comfortably above this or not. Price alerts set for further downside to look for entries.
If you have any questions please comment. - Nick
On the other hand, we are already starting to see buyers re enter the market at these discounted levels so we could see another bull rally to continue with the larger uptrend. Key levels to keep an eye on is the $25 handle and if the weekly close is comfortably above this or not. Price alerts set for further downside to look for entries.
If you have any questions please comment. - Nick