Silver (XAGUSD): Bearish Outlook Explained 🪙

10. Jan. 2023

Hey traders,

At the end of December, Silver reached a solid weekly structure resistance.
The market was nicely rejected from that.

Analyzing a daily time frame, I spotted a confirmed breakout of a support line of a rising wedge pattern.
It confirms the strength of the underlined zone.

I expect a bearish move to 22.84 / 22.2

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