Chart of the Day Silver

Silver testing the strong support confluence

Silver is testing the strong support confluence rising wedge and horizontal support 16.600-16.800 zone. Bounce from this zone would lead to a test of 17.50 again. Only a daily close below 16.650 will invalidate the upside reversal.

ARMAT trading system is pointing neutral

Note: look for the short trade entries with the stop loss below 16.500 level.

Telegram channel https://t.me/Trendtadingdna

Sponsored by our recommended brokers. Trade Gold with KeyTo Markets

Try our Managed accounts