Silver Technical Analysis: Price below 68.3500

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Silver has seen significant decrease in the price from its peak of 120.000 in the month of January.



The immediate resistance level is now 68.3500. A retest of this level would likely face significant selling pressure from market participants defending the new resistance. Above that, a longer-term resistance ceiling sits at 87.1000.

On the downside, the immediate support target is 61.5000. If selling pressure continues to drive the price through this floor, the next major historical support zone is visible down at 53.6000

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