XAGUSD: Curve Analysis
Silver has moved out of the Supply Zone at $31.54.
If the price action remains below $30.76 for both the opening and closing, it is likely that the downtrend will continue.
If the price action breaks below this level, it suggests a bullish rejection, signaling a potential continuation of the downtrend towards the demand around 27.00.
If the price action remains below $30.76 for both the opening and closing, it is likely that the downtrend will continue.
If the price action breaks below this level, it suggests a bullish rejection, signaling a potential continuation of the downtrend towards the demand around 27.00.
Professor C. E. Ward
Professor C. E. Ward
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