🧭 Overall Structure
The chart shows Silver (CFDs, 30-min) forming:
A long descending channel / trendline from Nov 19–22
A breakout from this downtrend on the 23rd
A minor pullback / consolidation near 49.99
Two projected upside target zones: $51.00 and $52.00
---
📉 Prior Trend
Silver was in a steady downtrend, making lower highs and lower lows.
The parallel black lines mark the falling channel, and price broke upward after touching the lower boundary on the 23rd.
This breakout is significant because:
Downtrend structure is now violated
Bearish momentum has weakened
Buyers stepped in with strong green candles
---
📈 Current Price Action (around 49.99)
After the breakout, price:
Rallied sharply
Pulled back without breaking the breakout level
Is now stabilizing just under $50
The chart shows Silver (CFDs, 30-min) forming:
A long descending channel / trendline from Nov 19–22
A breakout from this downtrend on the 23rd
A minor pullback / consolidation near 49.99
Two projected upside target zones: $51.00 and $52.00
---
📉 Prior Trend
Silver was in a steady downtrend, making lower highs and lower lows.
The parallel black lines mark the falling channel, and price broke upward after touching the lower boundary on the 23rd.
This breakout is significant because:
Downtrend structure is now violated
Bearish momentum has weakened
Buyers stepped in with strong green candles
---
📈 Current Price Action (around 49.99)
After the breakout, price:
Rallied sharply
Pulled back without breaking the breakout level
Is now stabilizing just under $50
Trade attivo
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Join free telegram channel
t.me/+UlkzSENzAv4wOTc0
Daily 3-5 signals
Xauusd Gold updates
Free signal telegram channel
t.me/+pA0kQEvdgQ9hMWM0
t.me/+UlkzSENzAv4wOTc0
Daily 3-5 signals
Xauusd Gold updates
Free signal telegram channel
t.me/+pA0kQEvdgQ9hMWM0
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.