Price can potentially push to $27 within the next 1-2 days. I believe that once price achieves $27 it will pull back down towards the lower $20s range where there is a good supply zone.
Silver has been in a downtrend these past few weeks. More recently price has been moving sideways as you can see on the chart. You can also see a slight breakout from the overall trend. Traders should wait and let the market confirm where it wants to go within the next couple of days. Either price will continue to break out of the trend or pull back down within the trend and to the supply zone.
Silver has been in a downtrend these past few weeks. More recently price has been moving sideways as you can see on the chart. You can also see a slight breakout from the overall trend. Traders should wait and let the market confirm where it wants to go within the next couple of days. Either price will continue to break out of the trend or pull back down within the trend and to the supply zone.