SILVER Is Bearish! Sell!

١ مايو ٢٠٢٣

Here is our detailed technical review for SILVER.

Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The price is testing a key resistance 25.169.

Considering the today's price action, probabilities will be high to see a movement to 24.087.

P.S
Please, note that an oversold condition can last for a long time, and therefore being oversold doesn't mean a price rally will come soon, or at all.

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