ForexFeat

Silver Approaching The Bottom Of The Channel On The 4H Chart

FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver is now @ an important place - it has to decide whether it will continue the run to the upside or it will start abading by the downtrending lines. I have outlined where I will be looking for support in Silver. IF Silver falls below 15.3 I will start looking at the Downtrending slope as the active one and especially the thick red line providing support for the time being. I am leaning towards 10-11$ Silver as a bottom longer term so caution is required.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.