I just noticed that silver is moving into a tricky territory. The price of silver is around $79.78, but there's a doji forming near $80 that suggests quite a bit of indecision in the market right now. What worries me is that support at $78, because if it breaks, things could get more tense. Below that would be the levels at $77.53 and then $74.34, so there's quite a bit of room downward if it breaks. On the bullish side, if it manages to break and hold above $80, the next target would be around $83. The price of silver has fallen more than 1% after the weekend due to the pessimism that entered the market. U.S. Treasury bonds with high yields are also working against it. So for now, I’m watching those key levels, especially if it drops below $78.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned