Silver Fresh trendline breakout
Silver was consolidating sideways between the levels of $26.00 on the upside and $21.65 on the downside since September. It gave a trendline breakout in the past week after taking the support of the daily moving averages. The white metal has now breached the previous swing high of $26.00 and has come out of the consolidation phase with a fresh breakout. Going ahead, the target on the upside is placed at $29.84 which is the previous swing high whereas the support is placed at $24.20 which is 20 DSMA.
MCX TrendIf you liked this article, then please share to the social networking site. You can also find us on Twitter, Facebook, YouTube and Instagram, Telegram.
Post A Comment: