SILVER (XAGUSD): Classic Trend-Following Movement

14 พ.ย.

Silver is currently trading in a downward trend. The price is consistently falling within a parallel falling channel on a 4-hour chart.

After testing the upper boundary of the channel, the price dropped and broke a strong support level.

Currently, there is a retest of this broken level. It is likely that the price will continue to decline, with targets set at 29.70 and 29.38.