SILVER Is Bearish! Short!

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Take a look at our analysis for SILVER.

Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a key horizontal level 30.386.

Considering the today's price action, probabilities will be high to see a movement to 30.006.

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

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أغلقت الصفقة: تم الوصول للهدف

That was an excellent trade and the target was reached too!