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01.07.2020 Silver Daily Analysis
Silver is facing make-or-break resistance at $18.60 spot, a figure which will determine the metal’s outlook for the next 12 – 24 months. Silver is presently
Yazar: editor_1
Yayınlanma: 1 Temmuz 2020 20:55
Güncellenme: 15 Nisan 2024 01:17
01.07.2020 Silver Daily Analysis
Silver is facing make-or-break resistance at $18.60 spot, a figure which will determine the metal’s outlook for the next 12 – 24 months. Silver is presently making its sixth distinct attempt to overcome this declining trend of sellers. The figure which must be broken is $18.60 in the spot market, on a dual weekly close. Should silver successfully register this dual weekly close, we will look for an immediate surge toward $21.25, to match the 2016 peak. Following, a retracement toward $18.60 – $19.00 to retest the broken declining trend will be expected.
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