Silver formed a Bear Flag continuation price pattern after reversing from the April highs at about $30.00. The pattern broke to the downside and declined to its conservative target. After a few bounces it started to reverse higher.
There is a possibility that Silver price will fail to break above the May 7 highs and instead roll over. If so it will probably mean the short-term downtrend is still in force and the Bear Flag's second target could still be achieved.
In such a scenario, Silver price will probably first fall to support at $26.10. Further weakness would probably lead to the next target to the downside at support from a long-term upper range boundary line at about $25.80. Yet more weakness could even see it reach the second target for the Bear Flag at $25.50.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
