Silver can roll back to support

٢٥ يناير ٢٠٢٢

Silver has had a very good start of the year, with the precious metal gaining more than 10% in only 3 weeks.
From a technical perspective, the price has started to drop from an important confluence resistance given by the falling trend line and horizontal support and we can have a continuation to the downside in the next days/weeks.
23.50 is now support followed by 21.50 very important one which can also be bears target.
A new high above 24.50 would negate this scenario