Precious metals have taken a toll as the greenback made a comeback. Silver is trying to hold on to its near-year-long rising trendline, and a successful bounce could resume the uptrend.
The double dip on the line (25.80) is a serious test of the buyers’ commitment. However, an RSI divergence showing a loss in the bearish momentum may give the buy-side an edge.
A rebound will need to lift offers around 27.00 to gain traction. Failing that, the price could start to reverse.
Written by Admin
Install your trader software at VPS server of one of the super fast providers:
Do you want to have such profits and charts? Choose our Megastorm EA for trading in the Forex market...
A logo of Ant Group is pictured at the headquarters of the company, an affiliate ...
While the number of Americans struggling to put food on the table and pay bills ...
10'000 HoursThere are probably a ton of people who got unemployment who rushed to file ...