SILVER UNDER PRESSURE?
AFTER A SHARPFALL THIS WEEK WE SEE SILVER RETRACING TO 0.618 LEVELS FROM HIGHS TO AROUND 62600 LEVELS
The next support stands at 58400 odd levels and a further breakdown would give up on the bullish trend in silver.
there are multiple resistaces at 65500 levels to 68300 to 70400 levels.
the breakdown from the symmetrical triangle has to be seen . whether the breakdown is false or is to stay.
with the XAU/XAG at 74.9 , a further breakout would lead it to 83 levels and add on some pressure on silver.
The next support stands at 58400 odd levels and a further breakdown would give up on the bullish trend in silver.
there are multiple resistaces at 65500 levels to 68300 to 70400 levels.
the breakdown from the symmetrical triangle has to be seen . whether the breakdown is false or is to stay.
with the XAU/XAG at 74.9 , a further breakout would lead it to 83 levels and add on some pressure on silver.
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