Will buyers manage to defend support at $ 26 marked with a 1: 1 structure?📈
Looking at the silver chart, one can observe an interesting technical situation. During yesterday's session buyers managed to defend the support zone around $ 26-26.30. During today’s session, sellers took the initiative, however they were unable to break below the aforementioned zone, which resulted in a dynamic rebound. If buyers will manage to uphold momentum until the end of the day, then bullish pin bar formation could appear which could lead to further gains in the following days. On the other hand, if the daily candle closes below $ 26 level, bulls will be in trouble.
Silver interval D1. Source: xStation5
