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Silver Weekly Chart Anaylsis

Oleh And0t
When the pandemic hit in March 2020, SILVER traded firmly down and broke the bottom of its range of $14 to $11.82, closing the week back within the range and using the momentum of high demand during uncertainty to break out of the top of the range. From there, it traded to the next support turn resistance level of $28 in Q3 of 2020. It took 2years of consolidation to retest the top of the range of $18 before heading back up, forming a new uptrend. Recently, it broke the resistance level of $30, and it should head up and test the resistance level at $34.50.
Support and ResistanceTrend AnalysisTrend Lines
And0t

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