Permanecer 
Condiciones de negociación
Products
Herramientas
Silver prices dropped below $21.00 mark on Thursday and registered fresh swing low around the $21.75 mark before finding support again. The metal is quickly pulling back and seen to be trading around $21.15 levels at the time of writing. Bulls are looking poised to hold prices above $21.75 and push through the $22.00 initial resistance.
Silver seems to have carved a meaningful downswing between $26.22 and $20.75 with the new low carved. Ideally, prices would pullback through $24.30-50 mark, before finding resistance again. Also note that the Fibonacci 0.618 retracement of the above drop is seen passing close to $24.10-20. A high probability remains for a bearish turn thereafter.
Silver is facing immediate short term resistance at $22.00 and a break higher will confirm a meaningful bottom in place. Also note that 4H RSI is showing a bullish divergence as prices dropped to the $20.75 mark. This is potential reversal indication as traders prepare to initiate fresh long positions going forward.
Potential rally through $24.30-50, against $20.00
Good luck!
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
