Today's silver price movement was as I expected. There was significant resistance at 86-85, and silver retraced downwards again to test the 80 support level.
We are focusing on the support around 80.
If silver holds above 80, it will rebound again (this is a buying opportunity).
The next resistance is 85-84, and the next after that, 88-89.
If silver breaks below 80, it will continue its downward trend (this is a shorting opportunity), with the next support at 75.
Now we are watching for a breakout of the 80 support level and waiting for the right entry point.
Today is the last trading day of the week.
Trade cautiously and set strict stop-loss orders.
Beware of sudden market movements.
Happy trading!
XAGUSDT
Διην.
67.92
-0.08%
