Articles


  • SILVER - Weekly Report



    By icn.com

    Short Term trend: Bullish
    Intraday Bias: Bullish

    After completing the bearish correctional scenario, silver rebounds strongly approaching the descending resistance for the main bearish trend, and 24.80 key horizontal resistance level, continuation above the aforementioned resistance area is required to confirm further upside, where at the current levels we prefer to be neutral.

    ** Short term Trend (Trends that last from two weeks to two months)
    ** Chart is based on GMT+2 timing

    Notes:
    *if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.
    Support 23.60 23.35 23.10 22.85 22.45
    Resistance 24.40 24.85 25.00 25.50 26.00
    Recommendation Neutral


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