Rimani 
Condizioni di trading
Strumenti
Silver prices continued to drop on Thursday carving fresh lows around $20.60 levels. The metal is not too far from the lows and remains vulnerable for yet another drag lower through $20.30 levels as shown on the chart here. Bulls might be preparing to come back into control soon but need to hold prices above $20.60 mark near term.
Silver has already carved a meaningful downswing between $26.22 and $20.60 levels now. Ideally prices are expected to produce a counter trend rally anytime soon, pushing prices through $24.10 levels at least if not further. Immediate price resistance is now seen through $23.30, followed by $26.22, $26.95 and higher.
A break above $23.30 is now needed to release any near term downside pressure and resume its counter trend rally. Also note that the fbonacci 0.618 retracement of the above drop is seen passing through $24.07 levels, which should provide strong resistance. Bears would be inclined to come back in control thereafter.
Potential rally towards $24.00-10 levels against $20.00
Good luck!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
