Silver Consolidates around $26.00 mark, does it lead to Bullish Trend or Bearish?; July 14, 2021

Technical View:

  • Silver moves in rigid boundaries since June 18, 2021 and enjoys roller coaster movement.
  • Today the pair made intraday high at $26.14 and low at $25.94 mark.
  • A day chart as well as H1 chart with triple EMA confirms down trend for the time being.
  • A sustained close above $26.40 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below$25.82 on H1 Chart will check further downside supports too..
$25.76 $26.18
$25.71 $26.24
$25.67 $26.31
$25.61 $26.36
$25.52 $26.40


Take a look and do trade wisely!
Good Luck