Trade of the day Silver

Silver is breaking the short-term falling trend line

 

Silver is breaking above 22.50. This is a short-term falling trendline resistance on a way to 24. If this breakout will be confirmed intraday we could see a test of 23.80 which is the key upside resistance for the continuation much higher. Earlier last week Silver turned higher twice from 21.50.

Note: look for the long trade with the stop loss below 23

 

 

 

Silver price action technical analysis

 

 

 

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