SimpleFX Blog
    Facebook Twitter Instagram
    Wednesday, June 29
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»Analysis»Where Will Silver Price Go by the End of the Year?
    Analysis

    Where Will Silver Price Go by the End of the Year?

    Zach WrightBy Zach WrightDecember 27, 2019Updated:December 30, 2019No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    In the current situation, it is possible to build two descending channels with the same slope. It can be seen that the price recently pushed off from the upper green bound, but the price continues to be within the bounds of the smaller channel.

    If the growth continues in the near future, and we see a break of the resistance of 18.028, then the way may open for the bulls in the direction of the next resistance level of 18.763, which is on the upper green bound.

    However, if the bulls are unable to find strength for an upward movement, the market could expect a bearish trend and a break of support of 17.333, which is on the red moving average. In this case, the decline will continue to the 16.226 area, i.e. the support level which is on the lowest green wall.

    featured silver
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleS&P 500 Aiming at New Records?
    Next Article Everything You Need to Know When Trading Nasdaq Today
    Zach Wright

    Related Posts

    A Possible Rebound Scenario for Japanese Stocks?

    June 28, 2022

    How Long the Recent LTCUSD Run Can Last?

    June 24, 2022

    Is BMW Worth It After the New China EV Plant Activation?

    June 23, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT