❗ Technical alert: Silver 📈

10:27 AM 25 September 2020

Silver defended the key support yesterday and continues a recovery today. Is this the end of correction?

At the beginning of the week one could observe strong declines on the silver market. However the silver bounced off the key support yesterday. The price of this precious metal rebounded from the 100-period moving average, and the bullish candle pattern appeared on the D1 interval. If the buyers manage to hold the price above the area marked in green, then another upward impulse may be on the cards.

Silver D1 interval. Source: xStation5

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