Silver is trading at support level for the past few days with prices piercing slightly below it and then recovering back above it. While bears are trying to beat down the bullish impulse, market sentiment is still neutral as this is the level where price would decide the direction based on supply and demand.
Currently, Silver is trading at 13.87, but sharp moves to both sides can be expected in the first trading days in the new year.
Chart: XAG/USD D1
Thank you for the analysis!
ReplyDeleteVery informative article, thanks for sharing!
ReplyDeleteGreat analysis, I will keep it in mind.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteI agree with this analysis, thank you.
ReplyDeleteThanks for the analysis.
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