The silver rally is coming to an end, bears may make another vic
The fingers kept tapping the keyboard, the eyes seemed to be staring at the computer intently, but sometimes the mind was already wandering, and suddenly became a late sleeper, occasionally thinking about what I did this day and what remains to be done, for fear of What is missing in life, maybe the spirit is too tense, maybe too much to worry about it, a kind of love and liking make everything so fulfilling!
In the short term, silver's rebound is coming to an end, and there are signs of resistance near 20.19, which has been emphasized yesterday, so today's bears may continue to decline. For silver operation, it is recommended to sell at 20.16, risk control at 20.32, and the target is 19.70~19.45.
Silver is bearish for several reasons:
1. The low level of silver has been adjusted for two days, and the two counterattacks by the bulls ended in failure, so we still look at the downside.
2. According to my personal analysis, the decline of wave 2 has not been completed, and the market will continue to bottom out.
3. The intraday pressure is 20.19~20.32, supported at 19.45~19.20.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
