Silver : Technical View : 21.11.2019
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On the daily chart, the price fell by 0.42%
during the last trading session.
Also, the price has formed a series of lower highs and lower lows which confirms that the counter is in a downtrend.
Furthermore, the price has taken the resistance of the Falling Trendline, which signifies bearishness in the counter.
Momentum indicator RSI(14) has sustained below the 50 level which is weak for Silver.
As per the above technical structure; we expect a bearish move in the counter.
Also, the price has formed a series of lower highs and lower lows which confirms that the counter is in a downtrend.
Furthermore, the price has taken the resistance of the Falling Trendline, which signifies bearishness in the counter.
Momentum indicator RSI(14) has sustained below the 50 level which is weak for Silver.
As per the above technical structure; we expect a bearish move in the counter.