Silver Price Analysis: Bears go head to head with bulls near trend line resistance Silver Technical Analysis Silver
Beazrs need a break of structure while bulls need to get above trendline resistance.has run into a key area of daily support that leaves the bias bullish for the near term. The following illustrates this along with the market structure and various scenarios for the foreseeable future., Silver is on the front side of the bearish trend but the price has run into a potential demand area that could see the bears throwing in the towel.
On the other hand, the market has rallied hard into the bearish impulse and is taking out the 50% mean reversion level. A break of the trendline resistance leaves the bullish bias intact. However, that is not to say that the bears will not attempt to sell at a premium which could see the price restest recent lows as its forms structure in a stage of accumulation. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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