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SILVER (XAGUSD):Important Bearish Breakout
CFDs on Silver (US$ / OZ)
Short
SILVER (XAGUSD):Important Bearish Breakout
By linofx1
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2 days ago
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2 days ago
The yesterday's decision by the FED and the FOMC led to a significant decline in 📉SILVER prices yesterday.
The price dropped below a key support level within a wide horizontal range on the daily chart.
This breakout indicates considerable bearish momentum and suggests further potential for price decline.
The next support level to watch is 28.78.
Chart Patterns
Supply and Demand
Support and Resistance
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