• SILVER - Weekly Report


    Short Term trend: Sideways
    Intraday Bias: Neutral

    Silver is pushing gradually higher towards 22.00-22.10 horizontal resistance, and descending resistance for the falling wedge formation shown on chart. A break above this resistance area may complete the ongoing bearish wave, and signal an upside rebound. In general, the price remains neutral until a breakout of this range materializes.

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

    *if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.
    *Support and Resistance levels should be treated as regions not precise numbers
    Support 21.50 21.20 20.95 20.60 20.25
    Resistance 22.00 22.30 22.50 22.75 23.00
    Recommendation Neutral

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