Silver Price Prediction – Silver Exhaustion Signals at Critical Level
On Tuesday, silver initially attempted to advance, but above $22 it has remained extremely resistant to further upward pressure.
On Tuesday, silver initially attempted to advance, but above $22 it has remained extremely resistant to further upward pressure.
Monday’s trading session began with a retracement in the silver market, but the metal’s price has since recovered.
Tuesday’s trading session witnessed a modest rise in silver prices despite the persistence of erratic market activity. Ultimately, I believe this market is trying to determine whether or not $18 is the bottom.
Initially, the silver market attempted to advance, but encountered resistance at the key downtrend line.
As we approach the 50-day exponential moving average, the silver market fell during Thursday’s session.