Silver Pauses at $30.76 Amid Solar Panel Demand Drop
Silver uptrend paused due to low demand for solar panels. On the technical front, the 100-period simple moving average acts as strong resistance.
A dip below the immediate resistance of $30.76 will likely trigger a downtrend. In this scenario, the next bearish target could be revisiting $29.7.
On the other hand, the bearish outlook should be invalidated if bulls stabilize above the 100-period simple moving average.
Article: fxnews.me/silver-rally-halts-at-31-4-amid-solar-panel-surplus/
A dip below the immediate resistance of $30.76 will likely trigger a downtrend. In this scenario, the next bearish target could be revisiting $29.7.
On the other hand, the bearish outlook should be invalidated if bulls stabilize above the 100-period simple moving average.
Article: fxnews.me/silver-rally-halts-at-31-4-amid-solar-panel-surplus/
Penafian
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