• Vasily Trader

SILVER (XAGUSD): Bearish Outlook

Hey traders,

After two weeks long consolidation on a key level,

Silver broke and closed below a support line of a rising parallel channel on a daily.

Moreover, the price formed a double top with a lower high confirming a prevailing local bearish sentiment.

I believe that the price can go lower.

Goal - 26.7

Consider broken support of a channel for entries.

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