SLV (Silver ETF) - Daily - Bearish Momentum Potential
Silver ETF (SLV) is exhibiting bearish momentum on its daily chart.
Price has been rejected twice under the yellow resistance trendline.
Oscillators are also starting to lean bearish.
Potential downside targets (short-term) could be -5% to -10% down.
Bearish Target(s): $22.33, $20.86.
However, if price breaks out and holds above $24, this idea would be negated.
Price has been rejected twice under the yellow resistance trendline.
Oscillators are also starting to lean bearish.
Potential downside targets (short-term) could be -5% to -10% down.
Bearish Target(s): $22.33, $20.86.
However, if price breaks out and holds above $24, this idea would be negated.
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Boost, comment, cheer, and share to support.
All posts are not financial advice.