Silver’s Price Action Hints at Further Decline

4 giorni fa

After reaching a high in mid-February, Silver formed a lower high on the 25th, even as Gold hit a new all-time high.

Following the recent decline in both metals, this pattern repeated itself—Silver did not make a new low, whereas Gold did, but found support in a key zone.

However, analyzing the price structure, Silver’s chart remains bearish. In recent trading hours, a small flag continuation pattern has formed, signaling potential further downside.

Given this setup, I expect Silver to break the pattern and continue its decline, with 31 as the next key support level.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.

3 giorni fa

Trade chiuso: obiettivo raggiunto

31 target reached