Silver - Daily - Still stuck below the downtrend.
Trade Alert
Silver is still trading below its downwards moving trendline, taken from the high of the 25th of June. If this precious metal goes lower and break the 13.985 zone, this could open the path towards the lowest point of 2015, reached on the 11th of December that year. The level to watch there is around 13.645. The area around there could stall the price, until the bulls and the bears battle it out, over who takes the driver's seat from there.
Alternatively, if we finally see a break of the aforementioned downtrend line, then we could start examining higher levels (please see the chart for details).
Don't forget your SL.
Silver is still trading below its downwards moving trendline, taken from the high of the 25th of June. If this precious metal goes lower and break the 13.985 zone, this could open the path towards the lowest point of 2015, reached on the 11th of December that year. The level to watch there is around 13.645. The area around there could stall the price, until the bulls and the bears battle it out, over who takes the driver's seat from there.
Alternatively, if we finally see a break of the aforementioned downtrend line, then we could start examining higher levels (please see the chart for details).
Don't forget your SL.