Looks like SILVERMIC1! is forming descending triangle on chart.
A decisive break below 94000 mark can cause further downfall in the commodity.
In the start of April 2025, Silver fell drastically and recovered later. The rise was on the back of low relative volume which is not good for buyers.
Now it is rangebound and forming descending triangle on chart and taking support multiple times near the 94000 price zone but never closed below that level. Hence a decisive close
below the 94000 mark can cause further downfall and will be a good short opportunity. Fingers crossed!
A decisive break below 94000 mark can cause further downfall in the commodity.
In the start of April 2025, Silver fell drastically and recovered later. The rise was on the back of low relative volume which is not good for buyers.
Now it is rangebound and forming descending triangle on chart and taking support multiple times near the 94000 price zone but never closed below that level. Hence a decisive close
below the 94000 mark can cause further downfall and will be a good short opportunity. Fingers crossed!
I am an experienced trader and trade in equities and commodities. I educate traders with practical skills to help them profitably trade in online markets.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
I am an experienced trader and trade in equities and commodities. I educate traders with practical skills to help them profitably trade in online markets.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.