SILVER Is Bearish! Short!

23 Apr

Take a look at our analysis for SILVER.

Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The price is testing a key resistance 26.827.

Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 24.820 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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25 Apr

Catatan

Great beginning for a trade, let’s hope it goes further!