Relevance up to 15:00 2022-06-11 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Blue lines- descending triangle pattern
Yesterday in our Silver analysis we noted the bearish descending triangle pattern in the short-term and warned traders that a break in Silver price below $21.82 would be a bearish signal and price should then fall towards $21.20. Today's low in Silver was at $21.23. Silver remains under pressure and with a lower high, chances favor more downside to be seen until the end of the session. Resistance is at $21.82 where we once had support. Silver has formed a lower high at $21.70 and as long as price is below this level, we remain bearish for the near term.
Read more: https://www.instaforex.eu/forex_analysis/279595
