Silver close but not yet

Silver is very close to a local support that can provide an impulse to stabilize the movement. On the other hand, I always give preference to strong supports so I see more likely to continue going down and settle in the 15.60 area.

We will see how this graphic develops.

Kommentar:

clearly above the "Main point of reference" and in the bullish trend chart we can see how well it respect the angle.

I have no reason to believe that silver will go down.

I will give it a little more time to see how it develops, however I will follow the first chart as a reference.

Kommentar: