Silver looks very different
The price of Silver also dropped at the beginning of the week, but the chart looks very different than Gold's.
First of all, we don't have a new medium-term low for Silver with the price stopping its descent just under 23. Second, from the last low, we have higher hights on our chart and the price looks very well supported by bulls.
A break of this short term consolidation can put the price again above 24 and also could signal that the correction for Silver is done and the precious metal could resume its uptrend.
I'm bullish Silver, more than Gold:)
First of all, we don't have a new medium-term low for Silver with the price stopping its descent just under 23. Second, from the last low, we have higher hights on our chart and the price looks very well supported by bulls.
A break of this short term consolidation can put the price again above 24 and also could signal that the correction for Silver is done and the precious metal could resume its uptrend.
I'm bullish Silver, more than Gold:)
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