SILVER battling with 200 EMA in a rising channel
SILVER
Silver is tend to move along with Gold but the daily moving range is higher than GOLD
Today the upside momentum has stopped by the Strong 200 Exponential moving average same as like the Gold.
We can expect short term rebound after reaching the lower side trend line and may move towards 200EMA. For the longer term bullish trend Silver has to break the trend line as well as the upside trend line
From my point of view it will fall after reaching the 200 EMA. if the lower side of the trend line was broken we can expect more number of sellers will come to move this metal below 22.000
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Silver is tend to move along with Gold but the daily moving range is higher than GOLD
Today the upside momentum has stopped by the Strong 200 Exponential moving average same as like the Gold.
We can expect short term rebound after reaching the lower side trend line and may move towards 200EMA. For the longer term bullish trend Silver has to break the trend line as well as the upside trend line
From my point of view it will fall after reaching the 200 EMA. if the lower side of the trend line was broken we can expect more number of sellers will come to move this metal below 22.000
Give a thumbs up if you found this idea useful
Follow our profile to get regular market updates
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