Silver Has The Possibility Of Greater Decline And Lower Prices| FXMAG.COM

Technical analysis:
Trading recommendation:

Technical analysis:
✕

Silver has been trading downside this as I expected. There is the potential for the bigger breakdown and lower prices.

Trading recommendation:

Due to the fake breakout of the triangle in the background and strong reversal, I see potential for further drop.

Watch for the potential selling opportunities on the intraday rallies with the downside objectives at the price of $18.78 and $18.53.

Stochastic oscillator is fresh bear cross, which is another sign for the downside movement.

Key resistance is set at the price of $20

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